Flexible in how we invest
We back European retail and consumer businesses with flexible capital and a hands-on approach, including when the situation is complicated.
About
A specialist investor in European retail and consumer
A small team of investors and operators.
Retail & consumer experts
Sector knowledge shapes everything we do. Since 2014, we have invested only in retail and consumer. We know how these businesses make and lose money, and we form a view quickly.
Flexible capital
We invest across the capital structure, from equity to debt and everything in between. That lets us shape a deal around what the situation needs, including when it is complicated.
Hands-on
We work alongside management teams on how the business runs. Our hands-on approach combines investment and operational expertise to fix what is broken and build what is missing.
Invested in
13
Retail sectors
Completed
19
Transactions
Invested in retailers with operations in
27
Countries
Our approach
A disciplined approach to investment and transformation
Responding to changing consumer dynamics
Consumer behaviour continues to evolve, from the growth of digital commerce to changing shopping habits. Our specialist focus allows us to stay close to these developments, so we see shifts early. That helps us judge a business accurately before we invest, and helps it adapt afterwards.
Supporting business transformation
We work alongside management teams to strengthen performance and develop sustainable operating models. Drawing on our operational and transformation experience, we support businesses in developing their e-commerce, omnichannel and wider digital capabilities.
Delivering practical improvement and long-term value
From cost optimisation and supply chain efficiencies to pricing, working capital management and growth initiatives, we focus on changes that lift performance and hold up over time.
Investment criteria
A focused yet flexible investment approach
Focused on European Retail & Consumer
Our sector focus is deliberately narrow, but our investment approach is flexible. We consider a broad range of transaction types and invest across the capital structure, including equity, debt-for-control and pure debt.
Open to complex situations
We invest in businesses across a wide range of situations, from performing companies facing specific structural or stakeholder challenges to complex situations requiring operational and financial restructuring. We are used to many stakeholders, tight timelines and hard trade-offs.
Businesses with sales between €100m and €3bn
We invest across Western Europe, including the UK, France, Italy, DACH, Benelux, the Nordics and Iberia. Our investments span all retail and consumer segments, from traditional bricks-and-mortar businesses to pure-play online retailers.
Portfolio
Our experience across European retail and consumer
Selected current and former investments
Baby-Walz
Babymarkt
Die moderne Hausfrau
CBR Fashion Group
Bensons for Beds
Magnet Kitchens
Maisons du Monde
Adler Mode
Intertoys
New Look
Takko Fashion
Baby-Walz
Babymarkt
Die moderne Hausfrau
CBR Fashion Group
Bensons for Beds
Magnet Kitchens
Maisons du Monde
Adler Mode
Intertoys
New Look