M&A Deal Summary

JINS Holdings Acquires Fittingbox

On September 28, 2021, JINS Holdings acquired software company Fittingbox from LBO France

Acquisition Highlights
  • This is JINS Holdings’ 1st transaction in the Software sector.
  • This is JINS Holdings’ 1st transaction in France.

M&A Deal Summary

Date 2021-09-28
Target Fittingbox
Sector Software
Buyer(s) JINS Holdings
Sellers(s) LBO France
Deal Type Add-on Acquisition

Target

Fittingbox

Labège, France
Fittingbox is an Interactive software solution for eyewear professionals. The company is producing over 4,000 digitized frames per month. The product offer of Fittingbox is a real ecosystem composed of 4 pillars Virtual try-on, Digital frames, Optical toolbox, and Open Innovation Program. Fittingbox was founded in 2006 and is based in Labège, France.

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Buyer(S) 1

Buyer

JINS Holdings

Tokyo , Japan

Category Company
Founded 1988
Sector Consumer Products
Employees3,485
Revenue 83.0B JPY (2024)
DESCRIPTION

JINS Holdings, through its subsidiaries, engages in the planning, production, distribution, and sale of eyewear and fashion accessories in Japan. It offers eyewear, such as eyeglasses and lenses and JINS MEME that enables visualization of the user's physical and mental state. JINS Holdings was founded in 1988 and is headquartered in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 49 of 58
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 16
Country: France M&A 42 of 49
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Baobag

Floirac, France

Baobag is a pure distributor of Flexible Intermediate Bulk Containers (“FIBC”), commonly known as big bags. The company operates throughout the value chain, including design, sourcing, transportation, and storage. Baobag was formed in 2007 and is based in Floirac, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Vetroelite

Treviso, Italy

Vetroelite provides premium glass packaging solutions for the fast-growing spirits, gourmet food, home fragrances, wine, and cosmetics industries. It has a worldwide presence, operating from multiple locations across Europe and North America, and serving customers in 90 countries. Vetroelite was formed in 1994 and is based in Treviso, Italy.

Sell -