June 9th, 2026 – TowerBrook Capital Partners (“TowerBrook”) is pleased to announce the closing of the sale of TSO I’s minority stake in JJA to the Company’s founder and CEO, Jacques-Olivier Abiteboul, returning JJA to full founder and management ownership.

JJA is an established French designer, sourcer and supplier of home furnishings and decoration goods, serving a diversified base of retailers including discounters, food retailers and digital marketplaces.

Since TowerBrook’s investment in 2018, we have supported Jacques-Olivier and his team in transforming JJA from a French B2B player into an international omnichannel platform, a CAGR of approximately 16% over the hold period. TowerBrook strengthened the management team and enhanced the Company’s logistics capabilities to support its next phase of growth. During the partnership, the Company accelerated its penetration of the French market, expanded internationally into select Western European markets, developed its own online and retail channels to complement the core B2B business, and completed three strategic acquisitions to enter new distribution channels and product categories.

Karim Saddi, Co-CEO of TowerBrook, said:
“Jacques-Olivier had built something exceptional long before TowerBrook arrived. He is a founder with true vision and determination, and it has been our privilege to support his ambition for JJA over the past years. We are proud to return a business that has grown beyond all expectations – and is in the best possible hands to write the next chapter.”

Jacques-Olivier Abiteboul, Chairman & CEO of JJA, said:
“When we partnered with TowerBrook in 2018, our ambition was to transition from a mid-sized French company into a group with international potential. Eight years later, we have achieved more than we ever thought possible. Through periods of uncertainty and change, the unwavering support of Karim and his team helped us turn challenges into opportunities, strengthen our organization and build the foundations to approach our next phase of growth with confidence and optimism.”