Change Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

Change Capital Partners’ most common sectors for investment areapparel/textiles (37%) and furniture (19%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (37%) and secondary buyout (28%). In total, Change Capital Partners has invested in 5 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired Hillarys Blinds for $177M.

The Firm’s most common exit type is trade sale (50%). Change Capital Partners’ largest (disclosed) exit occurred in 2010 when it sold Republic Retail for $462M.

Join Mergr to view Change Capital Partners’ full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity11
    • M&A Sell Activity6
  • Total Sectors Invested 6
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 6
  • M&A Advisors 9

Change Capital Partners

Thomas House 84 Eccleston Square,
London, SW1V 1PX
United Kingdom
www.changecapitalpartners.com
info@changecapitalpartners.com

Change Capital Partners LLP (CCP) is a specialist private equity firm that invests in mid-market retail and consumer goods businesses throughout Europe. CCP seeks controlling positions and looks to invest €20 to €50 million in companies valued from €20 to €250 million. The Firm will consider a variety of transaction situations, including buyouts, corporate divestitures, turnarounds and take privates. Change Capital Partners LLP was formed in 2003 and is based in London.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Consumer Products, Distribution, Food, Furniture, Restaurants, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Special Situations/Distressed, PIPE, Secondary Buyout, Stake Purchase

Geographic Preferences: United Kingdom, Western Europe, Eastern Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 20 50
Enterprise Value 20 250
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 11 - - - - - 11
vol $522M $522M
Sell (0.0/yr) # 6 - - - - - 6
vol $1.2B $1.2B
  17

Most Recent M&A

Company Date Value Type
Sebeto S.p.A. 2018-03-09 - Secondary Buyout
Napoli, Italy · www.sebeto.com
Macduff Shellfish (Scotland) Ltd. 2015-10-12 151M GBP Add-on Acquisition
Aberdeenshire, United Kingdom · www.macduffshellfish.co.uk
Hallhuber GmbH 2014-12-22 - Add-on Acquisition
Munich, Germany · www.hallhuber.de
Frette Srl 2014-07-15 - Stake Purchase
Milan, Italy · www.frette.com
Paule Ka SAS 2011-07-18 - Stake Purchase
Paris, France · www.pauleka.com
Macduff Shellfish (Scotland) Ltd. 2011-04-15 - Growth Capital
Aberdeenshire, United Kingdom · www.macduffshellfish.co.uk
SCHNEEKOPPE GmbH & Co. KG 2011-02-16 - Buyout (LBO, MBO, MBI)
Buchholz, · www.schneekoppe.com
Sebeto S.p.A. 2011-01-20 61M EUR Secondary Buyout
Napoli, Italy · www.sebeto.com
Republic Retail Ltd. 2010-06-19 462M GBP Secondary Buyout
Leeds, United Kingdom · www.republic.co.uk
Hallhuber GmbH 2009-08-19 28M EUR Divestiture
Munich, Germany · www.hallhuber.de
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Apparel/Textiles 2 (100%) - 4 (36%) 28M (5%)
Retail - - 2 (18%) 256M (49%)
Furniture - - 2 (18%) 177M (34%)
Restaurants - - 1 (9%) 61M (12%)
Distribution - - 1 (9%) -
Food - - 1 (9%) -
Total 2 - 11 $522M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Italy 1 (50%) - 4 (40%) 61M (12%)
United Kingdom - - 4 (40%) 433M (83%)
France 1 (50%) - 1 (10%) -
Germany - - 1 (10%) 28M (5%)
Domestic - - 4 (40%) 433M (83%)
Cross-border 2 (100%) - 6 (60%) 89M (17%)
Total 2 - 10 $522M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 4 (36%) 94M (18%)
Secondary Buyout - - 3 (27%) 400M (77%)
Stake Purchase 2 (100%) - 2 (18%) -
Divestiture - - 1 (9%) 28M (5%)
Growth Capital - - 1 (9%) -
Total 2 - 11 $522M

Exits by Deal Type

Type Total # Value
Secondary Sale 3 (50%) 842M (71%)
Trade Sale - Public Company 3 (50%) 340M (29%)
Total 6 $1.2B

Top M&A Advisors

Financial Deals
Rothschild Global Advisory
1
KPMG Corporate Finance LLC
1
Fineurop Soditic S.p.A.
1
Legal Deals
Kirkland & Ellis
2
Legance - Avvocati Associati
1
LMS Studio Legale
1

Deal Values

buy # Total
$100M to $1B 2 $339M
< $100M 3 $183M
TOTAL $522M
Largest Hillarys Blinds Ltd.
$177M (2004-08-01)
sell # Total
$100M to $1B 4 $1.2B
TOTAL $1.2B
Largest Republic Retail Ltd.
$462M (2010-06-19)

M&A Connections

Deals
Acquired from
Investor(s)
36%
4 (36%)
Strategic(s)
9%
1 (9%)
Exited to
Investor(s)
50%
3 (50%)
Strategic(s)
50%
3 (50%)

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