HLD Group

Canaccord Genuity acted as financial adviser to HLD Group on the acquisition of Jimmy Fairly.

Canaccord Genuity is pleased to announce that its client, HLD Group, completed on 28th September 2021 the acquisition of Jimmy Fairly (the “Company”) from private equity funds Experienced Capital and founders.

Jimmy Fairly is a French direct-to-consumer manufacturer & retailer of eyeglasses and sunglasses both in stores and online. The Company offers affordable high-end fashionable eyewear in its network of 56 stores (53 stores in France and 3 in the United Kingdom) with a balanced split between eyeglasses and sunglasses. All product lines are designed in France. The Company is expected to generate c.€38m of sales in 2021.

Canaccord Genuity provided debt financing advisory which resulted in a €50m unitranche financing provided by Tikehau Capital to guarantee the certainty of execution.

This transaction further reinforces Canaccord Genuity’s credentials in consumer industry as well as its relationships with private equity funds, namely HLD Group and Experienced Capital.

The Canaccord Genuity Investment Banking team included Nicolas Guillaume and Guillaume Torjman.