OpCapita
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| LLP | |
| Industry | Finance |
| Headquarters | London, United Kingdom |
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Area served
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Global (with current focus on Europe) |
| Website | www |
OpCapita is a European 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 American financier Henry Jackson. 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 Invest Europe and a signatory of the UN Principles for Responsible Investment.
In October 2006, OpCapita acquired British furniture retailer MFI Group for £1. In March 2008, it acquired French retailer . In November 2011, the firm purchased the electronics retailer Comet from Kesa for £2. In March 2012, OpCapita, through its subsidiary Baker Acquisitions, purchased Game UK out of administration. A second subsidiary, Cherrilux Investments, was set up to buy Game's Spanish operations. 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. By 18 December 2012, all of Comet's stores had ceased operations. On 27 November 2013, it was announced that OpCapita had acquired , a 2,000 store retailer in Germany, Austria, Italy, Croatia and Slovenia. OpCapita Operating Partner John von Spreckelsen became the Senior Shareholder Representative.
On 19 May 2014, Game announced its intention to float on the London Stock Exchange. 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, or more than 12x what OpCapita had paid for the business in 2012.
On 3 November 2014, OpCapita Consumer Opportunities Fund LP, OpCapita's first institutional fund raised from European and US 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 reports suggested they paid €30 million. 3i had paid €150 million for the business in 2006.
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