Change Capital Partners, the European retail and consumer-focused buy-out firm, has hired Stephan Lobmeyr from rival firm Hicks Muse. He will join the firm in July.
Lobmeyr was one of the founding members of Hicks Muse’s European team in 1999, following six years as a strategy consultant with the Boston Consulting Group in Paris.
Luc Vandevelde, one of the founding partners of Change Capital, said, ‘Stephan’s considerable experience of private equity deals across continental Europe will add great value to our firm and complement the existing deal and operational experience within the partnership.’
Change Capital was set up by former Marks and Spencer Chairman Vandevelde in 2003 alongside Steven Petrow, a managing director at Bain Capital, and Roger Holmes, former chief executive of Marks and Spencer.
The Halley family, one of the major shareholders in the retail giant Carrefour, committed an initial €300m to Change Capital and so far the firm has bought three businesses.
It paid £61m for UK hardware retailer Robert Dyas in March 2004, and £115m for the made-to-measure blinds provider Hillarys Group in July 2004. It has subsequently bought the Danish wholesale leisurewear company Buksesnedkeren.
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