Change Capital Partners

The retail-focused private equity firm has sold teen fashion chain Republic to TPG for a reported £300m.

A £30m management buyout of hardware retailer Robert Dyas has been finalised. It draws a line under a six month restructuring dialogue and sees Change Capital walk away from its £28m investment.

Roughly two years after acquiring Jil Sander from Prada, the European retail-focused private equity shop has exited to Italy’s GIBO, a subsidiary of Tokyo-listed Onward Holdings. While owned by Change Capital, Jil Sander's EBITDA grew from negative €13m to €6m.

Luc Vandevelde says Change Capital will not rush to sell portfolio companies, despite his recent falling out with Change Capital’s main sponsor.

Luc Vandevelde says Change Capital will not rush to sell portfolio companies, despite his recent falling out with Change Capital’s main sponsor.

Change Capital Partners has become the controlling shareholder in a company formed from the merger of four Spanish electrical goods retailers in its second deal in a week, and may raise its second fund in 2007.

Change Capital Partners has become the controlling shareholder in a company formed from the merger of four Spanish electrical goods retailers in its second deal in a week, and may raise its second fund in 2007.

Change Capital Partners has become the controlling shareholder in a company formed from the merger of four Spanish electrical goods retailers in its second deal in a week, and may raise its second fund in 2007.

Accessing debt finance became such a protracted process that GPs started underwriting it themselves, even for small deals.

The acquisition of Change Capital comes after a dispute in 2007 between the fund’s owner, the Halley Family of France, and its manager, Luc Vandevelde, former chairman of Carrefour.

Permira has made an offer for the entire share capital of part-listed company Valentino Fashion Group and its subsidiary, Hugo Boss. Last month, the UK firm took a minority stake in the €2.6 billion fashion company.

Permira has bought a 29.6 percent stake in Valentino Fashion Group, stealing in ahead of Carlyle for a stake in the Italian fashion company, which also controls German-listed Hugo Boss.

UK buyout firm Permira is on the road to acquiring Valentino as Carlyle pulls out of the bidding.

KKR has sold half of the 89 percent shareholding in Dutch retailer Royal Vendex that it acquired in July in a €1.5 billion PTP.

The Dutch family’s Bregal Holdings investment unit is backing the launch of an unnamed US buyout fund with a commitment of up to E650m.