Affiliates of Atlanta-based private equity firm Arcapita Inc. have completed a $90 million transaction with Bijoux Terner, LLC, confirmed founder and CEO Moni Terner, vice President Rosa Terner, and two other minority owners.
Bijoux Terner designs and supplies accessories to the travel retail channel and operates in more than 370 retail locations in 25 countries and 5 continents.
“Bijoux Terner’s distinctive proposition of fashion-forward design capability and product line breadth at an affordable, single price point has been successful in expanding the market to attract large numbers of shoppers to a shopping environment that has traditionally focused on high income customers,” said Stockton Croft, director at Arcapita. “Considering the company’s existing relationships with eight of the top 10 global travel retail operators, we believe the opportunities for further growth are extensive, and fully supported by the predicted increases in global passenger numbers.”
The transaction was financed through a combination of equity from Arcapita’s affiliates.