265:, had exited the French homeware chain BUT for an estimated €525 million. The sale followed an extensive programme of operational improvement including reducing prices, changing sourcing to improve quality and reduce costs, exiting low margin products to focus on furniture and accessories, improving the promotional strategy and marketing, investing in every store to drive increased sales and increasing the number of stores to 303 at the time of the exit, leading to a market share gain from 9% to 13% during the holding period. The buyer was reported to be
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indicated that OpCapita achieved a return of more than 4x the capital it had invested, and it quoted Josh
Spoerri, a managing director at OpCapita, as saying, "The turnaround we have achieved at NKD is emblematic of OpCapita's approach; taking a struggling consumer business and transforming it into a
208:
On 3 November 2014, OpCapita
Consumer Opportunities Fund LP, OpCapita's first institutional fund raised from European and United States investors, announced the acquisition of La Sirena Alimentacion Congelada S.L.U., the leading frozen food retailer in Spain. The price was not disclosed, but press
24:
275:
reported on 6 September 2016 that OpCapita had closed its Fund II at the hard cap of €350 million. It said the fund was raised from mid-April to the end of June, and was significantly oversubscribed. It added that the majority of investors in the fund, by both number and size, were pension plans,
356:
The
Spanish press reported on 22 July 2021 that Excelsior Times, the holding company of Spanish entrepreneur José Elías, had acquired La Sirena from OpCapita following six years of OpCapita's ownership. During that time, EBITDA increased from €4 million to over €15 million. Elías was quoted as
297:
reported on 3 November 2017 that OpCapita signed an agreement to acquire Merkal
Calzados SLU, a 215-store business in Spain selling affordable footwear and accessories. It said this was OpCapita's third acquisition in Spain, following its investments in Game Spain in 2012 and La Sirena in 2014.
347:
Inc. (ASNA) to retain an interest in the Duluth, Minn.-based value retailer and certain management members to invest alongside OpCapita. Ascena's other brands include
Dressbarn, Ann Taylor, Loft, Lane Bryant, Catherines and Justice. For its part, OpCapita has prior experience with clothing
205:. OpCapita Operating Partner David Hamid, Chairman of Game, was quoted as saying "The turnround of the Game business is remarkable." By December 2014, Game had a market value in excess of £600 million, more than twelve times the amount OpCapita had paid for the business in 2012.
137:
is a
British private equity firm specialising in the retail, consumer and leisure industries. The firm invests in underperforming businesses that require operational support to improve profitability and create long-term, sustainable value. OpCapita was established in 2006, by
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Its senior team have been together since the founding of the firm and have many decades of experience in consumer businesses. The firm is based in London and invests on behalf of a diversified group of international institutional investors. OpCapita is a full member of
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quoted Chris McDermott, a managing director at OpCapita, as saying
Maurice's "provides a strong platform from which to apply the operational improvement strategies we have successfully implemented to drive growth and improve profitability in other businesses."
364:, Metric Capital Partners and OpCapita LLP to support the Company's plans to double its number of restaurants from 400 to 800 sites over the next five years. Soul Foods operates KFC, Taco Bell, Burger King and Starbucks franchises in the UK and Canada.
250:. The purchase price was not disclosed. PEI said this was the final investment from the OpCapita Consumer Opportunities Fund but that there was some capital remaining in the fund for additional investment into the existing portfolio companies.
193:
In
October 2012, after a story about OpCapita considering a sale of Comet leaked to the press, suppliers lost confidence in the chain, and it subsequently entered administration. On 27 November 2013, it was announced that OpCapita had acquired
240:’s firm closed Fund II – its first ten year vehicle – on its €350m hard cap, sold French homeware chain BUT to CD&R for an estimated €525m, snapped up womenswear retailer AppelrathCupper from Advent, and made some key hires".
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both public and corporate, university endowments and charitable foundations and that the success of the fundraising was as a result of the firm’s track record, which investors had been following closely in recent years.
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309:. The price was not disclosed, although two sources said the deal values Sebeto at more than €80 million. OpCapita said it saw significant potential to grow the Rossopomodoro brand in Italy and abroad.
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saying, "La Sirena is a great brand and an opportunity to contribute, together with the current management team, to promote and accelerate the strategic plan that began three years ago."
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198:, a 2,000 store retailer in Germany, Austria, Italy, Croatia and Slovenia. OpCapita Operating Partner John von Spreckelsen became the Senior Shareholder Representative.
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232:'s Operational Excellence Award for its successful turnaround of Game. The firm was again nominated for "Special Situations/Turnaround Firm of the Year" in 2016, with
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business to OpCapita for £83 million, a few months after a deal to sell the business to another financial buyer for approximately £100 million fell through.
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305:, OpCapita made its first investment in Italy on 9 March 2018 by acquiring Sebeto, an Italian restaurant group whose assets include the pizza chain
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swung to a profit of 45 million euros ($ 51 million) in 2018 from a loss of 34 million euros at the time OpCapita invested five years earlier.
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reported that OpCapita
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reported on 2 June 2016 that OpCapita
Consumer Opportunities Fund had acquired AppelrathCüpper from the global buyout house
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Investors Fund Soul Foods Group's Plans to Double QSR Restaurant Estate - Food Service Equipment Journal 26 September 2022
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retailers, including its sale of 1,800-store-strong European clothing company NKD Vertriebs GmbH to TDR Capital LLP.
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reported on 19 December 2014 that OpCapita had closed its début fund at just over £100 million. In December 2014,
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profitable, stable business with great prospects and that continues to delight its thousands of customers".
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OpCapita Hits €350 million Hard-cap on Fund II - Exclusive - Private Equity International 6 September 2016
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reported on 19 March 2019 that OpCapita has agreed to sell German discount clothing retailer
190:. A second subsidiary, Cherrilux Investments, was set up to buy Game's Spanish operations.
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In September 2022, Soul Foods Group announced it had received a structured investment from
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José Elías, owner of Audax, buys 100% of La Sirena supermarkets - Cinco Días 22 July 2021
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OpCapita Sweeps Up AppelrathCüpper from Advent - Private Equity International 2 June 2016
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269:(CD&R) and WM Holding, an investment vehicle of Austrian furniture giant XXXL Lutz.
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Sportech to sell historic Football Pools business for £83m - The Telegraph 2 March 2017
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for £2. In March 2012, OpCapita, through its subsidiary Baker Acquisitions, purchased
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Private Equity Awards 2017 House of the Year Shortlists - Real Deals 12 January 2017
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announced it had nominated OpCapita for "Special Situations Firm of the Year".
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OpCapita Buys Spanish Frozen Food Retailer - Financial Times 3 November 2014
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Ascena Sells Majority Stake in Women’s Chain Maurices - WWD 25 March 2019
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OpCapita sees 4x return from fashion chain NKD - Real Deals 19 March 2019
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OpCapita carves out footwear retailer Merkal - Unquote 3 November 2017
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Game Retail confirms London listing plan - Financial Times 19 May 2014
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Inc., OpCapita's first investment in the US. The deal, which values
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announced on 2 March 2017 that it had reached agreement to sell its
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1012:"Private equity OpCapita buys owner of Rossopomodoro pizza chain"
174:. In November 2011, the firm purchased the electronics retailer
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806:"Game Iberia's 291 stores sold to UK buyer's 'sister company'"
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In October 2006, OpCapita acquired British furniture retailer
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Colony Capital, Goldman Sachs and Merchant Equity acquire BUT
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On 19 May 2014, Game announced its intention to float on the
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OpCapita Closes Début Fund - Financial News 19 December 2014
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nominated OpCapita for "Turnaround House of the Year" 2017.
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OpCapita Agrees Buyout of NKD - AltAssets, 28 November 2013
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170:for £1. In March 2008, it acquired French retailer
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213:had paid €150 million for the business in 2006.
857:OpCapita To Float Game - Real Deals 19 May 2014
879:London Stock Exchange Game Digital Share Price
319:Deutschland GmbH to buyout firm TDR Capital.
912:Private Equity International 12 December 2014
774:Kesa's Comet suitor will raise funding-source
8:
934:Private Equity International 2 December 2016
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923:Private Equity International 1 October 2015
741:- Private Equity International October 2016
1117:Private equity firms of the United Kingdom
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1112:2006 establishments in the United Kingdom
751:Telegraph, MEP acquired MFI stores for £1
209:reports suggested they paid €30 million.
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829:"OpCapita 'exploring sale'- BBC News"
156:Principles for Responsible Investment
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956:Deal In Focus - Unquote 29 July 2016
787:"Game Group shops sold to OpCapita"
257:reported that OpCapita, backed by
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804:Jessica Conditt (13 April 2012).
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1018:. 9 March 2018. Archived from
228:In October 2015, OpCapita won
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705:Kitchen and bathroom retailer
35:Limited liability partnership
827:BBC News (19 October 2012).
557:Multi-brand clothing retail
273:Private Equity International
267:Clayton, Dubilier & Rice
244:Private Equity International
234:Private Equity International
230:Private Equity International
222:Private Equity International
764:- Unquote France 1 Mar 2008
56:; 18 years ago
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236:saying "Industry maverick
154:and a signatory of the UN
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582:Discount clothing retail
102:Europe and North America
655:Home equipment retailer
461:Women's clothing retail
389:Fund Investment Date
362:Centerbridge Partners
203:London Stock Exchange
776:- Reuters 2 Dec 2011
630:Video games retailer
607:Video games retailer
279:On 12 January 2017,
248:Advent International
112:$ 493 million (2017)
680:Electrical retailer
373:Current investments
345:Ascena Retail Group
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739:Privately Speaking
507:Former investments
394:The Football Pools
331:On 25 March 2019,
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79:Headquarters
31:Company type
676:Comet Group
534:Food retail
439:Restaurants
417:Shoe retail
368:Investments
98:Area served
1101:Categories
727:References
667:April 2008
645:June 2014
642:April 2012
627:Game Spain
622:June 2014
619:April 2012
594:March 2014
569:July 2016
549:July 2021
451:June 2018
409:June 2017
325:Real Deals
313:Real Deals
281:Real Deals
142:financier
808:. Joystiq
701:MFI Group
597:May 2019
531:La Sirena
473:May 2019
168:MFI Group
124:.opcapita
1026:11 March
833:BBC News
791:BBC News
457:Maurices
341:Maurices
337:Maurices
285:Sportech
140:American
135:OpCapita
41:Industry
17:OpCapita
1016:Reuters
520:Country
514:Company
386:Country
380:Company
303:Reuters
295:Unquote
255:Unquote
186:out of
184:Game UK
162:History
117:Website
69:Founder
59: (
51:Founded
812:20 May
517:Sector
397:Gaming
383:Sector
84:London
178:from
176:Comet
1028:2018
814:2012
603:Game
261:and
180:Kesa
126:.com
61:2006
54:2006
651:BUT
578:NKD
481:QSR
350:WWD
333:WWD
321:NKD
317:NKD
196:NKD
172:BUT
146:.
122:www
108:AUM
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
