JOTT's acquisition by L Catterton supported by Idinvest

L Catterton, a consumer-focused private equity firm, acquired a controlling interest in Just Over the Top, or JOTT, a French casual wear company. The Gourdikian family, which founded the company, will continue to hold a significant equity interest in the business.

It was reported last February that the company was marketed off EBITDA of €11 million; however, one source said that the company fared well during the pandemic and was sold at EBITDA of approximately €20 million.

Idinvest provided a unitranche facility to support the acquisition, sources said.

Founded in Marseille in 2010, JOTT is a French urban casual wear company, mostly known for its puff jackets. JOTT currently distributes its collections of casual outerwear and accessory products through a network of concept stores as well as wholesale clients.