John joined OpCapita this week and will participate in investee company Operational Review meetings and play a major role in the assessment and business planning for new investments. John has also been appointed Chairman of OpCapita investee company, AppelrathCüpper.
John has over thirty years' experience in consumer and retail businesses. He was Chief Executive of House of Fraser Plc from 1996 until 2006 and transformed it from a conservative department store group into one of the UK's leading multi-brand fashion retailers, significantly increasing the EBITDA during his tenure. Prior to that, he ran Texas Homecare Ltd for two years until its successful sale to Sainsbury's Plc in 1995. His early career was spent running several divisions of The Burton Group Plc, including Top Shop from 1985 to 1990, Top Man from 1990 to 1991 and Dorothy Perkins from 1991 to 1993. He was Chairman of Aga Rangemaster Plc from 2008 and Holidaybreak Plc from 2009 until their successful acquisitions in 2015 and 2011 respectively.
Nicholas joined OpCapita at the beginning of October and will be responsible for co-ordinating the firm's efforts in the origination of new investment opportunities. Prior to joining OpCapita, Nicholas spent six years at Morgan Stanley in London, where he was a Vice President in the Investment Banking team responsible for the origination and execution of M&A, LBO, financing and IPO transactions for financial sponsors. Prior to that, he was a Manager in Transaction Services at Deloitte, where he focused on buy-side due diligence for mid-market private equity clients. Nicholas has an MBA from INSEAD (Singapore), a MSc in Finance & Economics from ESCP-Europe (France), and is a CFA charterholder. He is a French native and speaks Spanish.
Henry Jackson, Founder and Chief Executive of OpCapita said: "I am delighted to be welcoming John Coleman and Nicholas Pouzin to the OpCapita team at a very exciting time for our firm. They both bring invaluable experience and will further strengthen our operating and investing team at a time of significant opportunity in the consumer markets across Europe."
John Coleman added: "Having known the OpCapita team for a number of years, I am consistently impressed by the unique brand of 'hands-on' operational management which OpCapita delivers for its investors. I am delighted to be joining such an experienced senior team as Operating Partner to support both new and existing investment opportunities."
Nicholas Pouzin added: "After more than a decade working in global professional advisory roles, I am excited to join the highly successful team at OpCapita, at an important juncture in the firm's development."
The new appointments continue the development and strengthening of OpCapita's team, which has increased from eight to 15 people over the last two years. Since raising the firm's first institutional fund in 2014, OpCapita has made a number of appointments, including: Helen Gaffney and Javier Gonzalez joined as Associates, Simon Millerchip re-joined as Chief Financial Officer and Head of Compliance and Caroline Crowley was appointed to the newly created role of Director of Investor Relations.
OpCapita celebrated its tenth anniversary in 2016 and in September announced the final closing of its second fund, OpCapita Consumer Opportunities Fund II, at the hard-cap of €350 million. The Fund is focused on investing in underperforming businesses in the consumer, retail and leisure sectors in Europe. Fund II was significantly oversubscribed and received strong support from a diverse group of global investors, including pension funds, endowments, funds of funds, family offices and charitable foundations, predominantly from the US and Europe.
Founded in 2006, OpCapita is a European private equity firm specialising in the retail, consumer and leisure industries.
With the backing of major institutional investors, the firm focuses on investment in businesses that require expert help and support to make them stronger through better operational management. OpCapita actively invests in companies where there is an opportunity to deliver improvements in profitability and create long-term, sustainable value.
OpCapita's team of in-house operating partners has decades of experience in consumer-facing businesses and a widespread network of contacts and specialists. The team adopts a hands-on approach to the companies in which it invests, drawing on exceptional management talent to deliver on its investments.
Over the past 10 years, OpCapita has invested over €450 million in businesses in the UK, France, Germany and Spain.
For further information, please contact:
Andrew Honnor/Matthew Goodman/James Madsen
Tel: +44 207 952 2000
José García Villardefrancos
Tel: +34 687 992 789