New York-based JBCHoldings NY, a Riveria Investment Group portfolio company, has acquired Janou Pakter. Headquartered in New York, NY and founded in 1985, Janou Pakter is an executive search firm focused on servicing the fashion and retail market. This is the first add-on acquisition for JBC, into which Riveria made an investment in May 2011.
JBCHoldings NY LLC (“JBC”), a Riveria Investment Group (“Riveria”) portfolio company, has announced the acquisition of Janou Pakter Inc. (“JP”). Headquartered in New York, NY and founded in 1985, Janou Pakter is a leading retained executive search firm focused on servicing the fashion and retail market. This is the first add-on acquisition for JBC, into which Riveria made an investment in May 2011. Based in New York, NY, JBC is the holding company for JBCStyle, JBCConnect and JBCPlatform, which combine to offer a wide range of human resources services to fashion, retail and creative clients across the U.S.
TJ Gupta, Managing Partner of Riveria, said “The acquisition of JP represents a significant step for JBC. The Company has shown tremendous growth in 2011, and the acquisition of JP represents a major milestone in the company’s aggressive expansion strategy.”
“I would be proud to be associated with a firm of this caliber at any time, but right now this is more than an addition to our holdings—it’s a transformational transaction,” explained JBC Chief Executive Officer Bryan Zaslow. “Janou has instincts refined over decades of collaboration with the world’s most sophisticated design, fashion, lifestyle and technology clients. The level of service offered by the firm is legendary. JBC is now superbly positioned to meet the emerging needs of clients worldwide.”
About the JBC Firms
JBCStyle, the fashion staffing division of JBC provides highly personalized full-service staffing to many of the leading names in fashion. The division, founded and headquartered in New York, addresses fashion verticals inclusive of apparel, footwear, accessories, handbags, beauty, home and action sports. The acquisition of JPI is the second major move this year by JBC, which launched JBCconnect out of its Los Angeles office in January. The division addresses digital, advertising, marketing and media staffing. JBCConnect has seen tremendous growth in its inaugural year, expanding operations to include New York, Orange County and Seattle offices and a core team of 20 in its first 11 months. JBC also features a full-service human resources outsourcing tool that processes payroll, benefits and health insurance as either a complete or a la carte service. The division, which is called JBCPlatform, is currently the rebranding effort of JBC’s company formerly known as Jonathan Beth Consultants.
Janou Pakter: Founded and headed up by Janou Pakter, the company has long enjoyed a peerless reputation in design, fashion, retail, creative and technology search since its inception in 1985. With offices in many world cities, Janou Pakter is respected as one of the world’s leading creative executive search firms.
About Riveria Investment Group
Founded in 2010, Riveria Investment Group is a growth focused private equity firm that acquires and invests in middle-market companies based in the United States. The group has a primary focus on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria actively engages in the operations of portfolio companies by collaborating with management to grow its investments. Additionally, Riveria is supported by a network of operating partners with significant experience in each of the firm’s focus industries. The company is headquartered in New York, NY.