October 22, 2020

Nordian Capital and J-Club International complete acquisition

Amsterdam and Almere, October 22, 2020 - Nordian Capital and J-Club International, European market leader in private label fashion jewelry, accessories and greeting cards, have completed their transaction. The management of J-Club and the team of Nordian Capital have set aside their previous dispute about financing conditions and jointly focus on the future. Nordian has acquired the majority of the shares of J-Club. With the completion of this acquisition, J-Club and Nordian will focus on executing the joint investment strategy which consist of international growth and expanding services to retailers with additional product categories.

With this transaction, all minority shareholders have sold their shares. The founders will remain important shareholders and will fully focus on the next phase of growth of J-Club. The transaction has been completed after Nordian and J-Club were able to secure external financing on favorable terms for all involved, with the help of the Dutch parties Rabobank, DMF and FundIQ. Joost Verbeek, Managing Partner Nordian Capital: “We are pleased that we can leave a difficult acquisition process behind us and now focus on the growth of J-Club. We have great confidence in the business model of J-Club and we strongly believe that together with its management we can continue to grow the business both domestically as well as internationally. The current turbulent times are difficult for all types of companies, but we are confident that once we return to a normal society, J-Club will be stronger and will emerge as a winner. Together with management of J-Club – we are going to work hard to achieve this.”

National and international growth
J-Club now looks to the future with great confidence. Sjoerd Everts, co-founder: “This acquisition enables us to jointly pursue with the investment strategy: growth by accelerating our international expansion on the one hand and expanding our business model, the full-service for retailers of the J-Club portfolio, to other product categories such as for example winter accessories and hair fashion. ”

Marcel van Doorn, co-founder of J-Club: “It is good that we have concluded all discussions and are working together on creating a bright future for J-Club. Ultimately, we can say that, after this sometimes difficult phase, the relationships are now back to the level they were at the beginning of this year, when we first decided to work together, and we all realize there are plenty of opportunities. We are currently expanding strongly within national and international retail chains. They see the J-Club business model as a very attractive addition to their own product range and operation.”

About Nordian Capital
Nordian Capital (Nordian.nl) is an independent Dutch private equity investor, focused on increasing and accelerating the growth of companies. Founded in 2014, Nordian has now contributed to more than 30 companies as a critical and committed investment partner. Nordian Capital offers proactive support in the areas of strategy, financing or mergers & acquisitions. Nordian actively supports and assists the management of its companies, so that the entrepreneurs can continue to do what they do best: growing their business.

About J-Club International
J-Club International (J-Club.com) is the European market leader in private label fashion jewelry, accessories and greeting cards through its shop-in-shop concept. Founded in 2010, more than 1,200 employees provide the product range in more than 12,500 stores for over 40 retailers in 25 EU countries. Together with its retail partners, J-Club works towards only one common goal: loyal and satisfied customers.