Change Capital Partners has announced the appointment of Stephan Lobmeyr, a director at Hicks Muse (Europe), as a partner. He joins the firm in mid-June, according to reports.
Lobmeyr joined Hicks Muse as part of the team that established its European presence in 1999. During his time with the firm, he has worked on deals including the acquisition and flotation of UK directories group Yell; the acquisition of automotive information company Eurotax Holdings and its subsequent merger with Glass's Holding Limited; and the flotation of Media Capital SGPS, a Portuguese free-to-air television company, on the Lisbon Stock Exchange.
Previously, he spent six years in the Paris and Buenos Aires offices of Boston Consulting Group, where he advised companies in the consumer goods, media and telecom sectors.
The announcement of Lobmeyr’s imminent departure follows the news earlier in the week that Hicks Muse (Europe) had appointed branded consumer industry veterans Javier Ferran and George Sewell as directors. The duo, who held senior positions at Bacardi Group and Quaker Oats respectively, are taking up their new roles later this month.
Hicks Muse (Europe) formally separated from Dallas buyout firm Hicks, Muse, Tate & Furst in January 2005. The London-based operation, headed up by Lyndon Lea, said it had become an independent group wholly owned by its partners and that it would change its name in due course.
Change Capital Partners was set up in 2003 by Steve Petrow, Frederic Hufkens and Luc Vandevelde, receiving a €300 million ($389 million) initial cornerstone investment from the Halley family. The firm’s inaugural deal was the £60 million acquisition of DIY retailer Robert Dyas in March 2004, which was followed by the acquisition of UK blind manufacturer Hillarys Blinds from mid-market PE firm Close Brothers Private Equity in a transaction valued at £115 million in August.
The firm also temporarily featured in the KKR-led consortium set up to acquire Dutch retailer Royal Vendex for €1.4 billion, but pulled out before the deal was completed.
Last December the firm announced the hire of Roger Holmes, former chief executive of UK retailer Marks & Spencer, as a partner. Vandevelde had worked with Holmes during his stint as the company's chairman.