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OpCapita expands senior team

The turnaround specialist, led by Henry Jackson, has recruited a former Morgan Stanley banker and the ex-chief executive of House of Fraser to boost its dealmaking and operational capabilities.

UK-based turnaround specialist OpCapita has appointed John Coleman as operating partner and Nicholas Pouzin as director.

Retail veteran Coleman joined OpCapita this week, where he will participate in investee company operational review meetings and play a major role in assessing and planning for new investments, according to a statement from the firm. He has also been appointed chairman of OpCapita investee company, AppelrathCüpper.

Coleman has over thirty years’ experience in consumer and retail businesses. He was chief executive of House of Fraser for 10 years and ran Texas Homecare for two years until its sale to Sainsbury’s in 1995. His early career was spent running various divisions of The Burton Group, including Top Shop, Top Man and Dorothy Perkins. He currently serves as chairman of Womenswear retailer Bonmarche Holdings, privately-owned home care service provider Barchester Healthcare, Russian consumer electronics retailer PJSC Mvideo, and household and personal care products company McBride.

Pouzin joined OpCapita at the beginning of October and is responsible for deal origination. He joins the firm from Morgan Stanley in London, where he spent six years as vice president in the investment banking team. During this time he was responsible for the origination and execution of M&A, LBO, financing and IPO transactions for private equity firms. Prior to this, he was a manager in transaction services at Deloitte.

The new appointments are the latest in a string of hires at the firm, which has increased from eight team members to 15 over the last two years. Early last year, Helen Gaffney and Javier Gonzalez joined as associates, while in May OpCapita appointed Caroline Crowley to the newly-created role of director of investor relations. In June, former chief financial officer, compliance officer and money laundering reporting officer Simon Millerchip rejoined the firm as CFO and head of compliance. In November, OpCapita co-founder John von Spreckelsen moved into the newly-created role of non-executive chairman.

OpCapita celebrated its tenth anniversary in 2016 and in September announced the final closing of its second fund, OpCapita Consumer Opportunities Fund II, which invests in underperforming businesses in the consumer, retail and leisure sectors in Europe, and closed on its hard cap of €350 million.