In October 2015, OpCapita won Private Equity International's Operational Excellence Award in the EMEA Lower Mid-Market category. The award recognises the significant value OpCapita created through its hands-on operational turnaround of GAME.
As Chairman, David spearheaded the turnaround working closely with GAME management and the OpCapita team embedded in the business. The turnaround restored GAME to profitability of £51 million EBITDA in the 2 years after its collapse into administration.
The company's transformation was driven by improved customer insight, a significant strengthening of the relationships with key suppliers, a focus on cash and investment in online and digital infrastructure.
A revitalised GAME was brought to the main market of the London Stock Exchange in June 2014 in a successful IPO just over two years following OpCapita's acquisition of the business out of administration.
For further details on the successful turnaround of GAME, please click on the following links: https://www.privateequityinternational.com/Free_Articles/PEI_2015_OpEx_Awards_winners_revealed_-_breaking/ http://www.theguardian.com/business/2012/apr/01/game-group-assets-bought-by-opcapita