Optimal Investment Group, backed by Modani's original founders, acquires a 46% stake in Modani from Maisons du Monde, aiming to revitalize the brand's growth in the competitive U.S. furniture market.

Target Information

Effective Capital is pleased to announce the acquisition of Modani from Maisons du Monde (SBF120: MDM) by the original founders, supported by the Private Equity fund Optimal Investment Group. Founded in 2007 and headquartered in Miami, Modani operates a network of 17 stores in major U.S. cities while also selling its products online and through various marketplaces.

In May 2018, the publicly traded company Maisons du Monde acquired a 70% stake in Modani, with the remaining shares held by its original founders. This acquisition aimed to bolster Modani's presence in the U.S. market, leveraging Maisons du Monde's resources and expertise.

Industry Overview

The furniture retail industry in the United States has seen a significant shift towards e-commerce, especially following the pandemic. Many consumers have turned to online shopping for ho