Jewelry: Histoire d'Or and Marc Orian offer the Italian Stroili

The French Thom Europe will buy its competitor. The new group has 940 stores.

Italian wedding of the French king of affordable jewelry and watches. Thom Europe, the result of the merger at the end of 2010 of Histoire d'Or and Marc Orian, and number one in France, has just signed an agreement with Investindustrial and L Catterton to acquire the entirety of Stroili, the leader in Italy.

The transaction is expected to be completed in the fall, following approval by competition authorities. It is carried out using equity and debt. The financing of the operation is provided by Goldman Sachs International, Credit Suisse International and Société Générale.

The owners of Thom Europe – the majority private equity fund Bridgepoint, Apax Partners, Altamir, management and Qualium Investissement (subsidiary of the Caisse des Dépôts et Consignations) – are carrying out a very strategic operation. It ensures them a leadership position in a still very fragmented European market, almost half made up of small independent jewelers. Together…

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