Latest Investment completion in Scandinavia by Metric Capital Partners
Around September of 2013, Metric Capital Partners, a private equity business who is headquartered in London, completed its investment in Change of Scandinavia. Change of Scandinavia is really a primary player around the Nordic lingerie as well as apparel business. Metric Capital Partners invested making use of a credit instrument with equity participation. Because of the offer Change of Scandinavia now values at roughly £50 million. This investment structure will support enhancing the current ownership structure while preparing the company for its next growth stage.
Headquarter of Change of Scandinavia is in Farum, Denmark. The business concentrates on value for the customer's cash, comfort, exceptional in-store customer service and having a huge item offering wherein it has more than 100 custom-made sizes. The business launched its first concept shop in 2001 in Copenhagen, Denmark and has actually taken pleasure in strong and steady development ever since.
Right now, Change of Scandinavia distributes the products mainly via a network of more than 160 mono-brand stores in North America, Europe, and also the Far East. In addition, Change of Scandinavia has a growing online presence and client base. There are over one million members on the loyalty program, Club Change, and also 10,000 new members join month-to-month.
According to Giovanni Miele, Partner of Metric Capital Partners, mentioned that Metric Capital Partners was pleased to partner with the committed and also skilled management group of Change of Scandinavia. Giovanni Miele , Partner of Metric Capital additionally said that Change of Scandinavia was preferably placed to grow its international footprint because of its value and customer focused strategy. The transaction is in line with Metric Capital Partners' entire financial investment approach because of its strong drawback defense along with the likelihood of obtaining appealing equity-like returns. The financial investment in Change of Scandinavia represents Metric Capital Partners' 8th because it began investing in April of 2012. Change of Scandinavia investment is a symbol of Metric Capital Partners' eighth right from when it began purchasing in April of 2012. Giovanni Miele, partner at Metric Capital Partners, says that the method of Metric Capital Partners of approaching business that have been abandoned by standard funding for the foreseeable future has actually developed opportunities for the private equity fund.
In 1995, Gitte Breil as well as Claus Jensen that is the existing lead shareholder as well as chief executive founded Change of Scandinavia. Lissi Lid is the master designer who is in control of improvement. Around 2001, the very first Change stores opened in Denmark within Copenhagen and also Ringsted. Swimwear line was introduced by Change of Scandinavia sometime in 2002. The biggest lingerie chain inside Scandinavia is Change of Scandinavia. In 2010, Change of Scandinavia introduced its online store.
Metric Capital Partners was founded in 2011 by previous execs of buyout firms Terra Firma and TowerBrook Capital Partners including handling partner John Sinik, former partner at Towerbrook Capital Partners and head of investor relations Peter Cornelly, formerly an investor relations executive at Terra Firma. Its technique of investing is to supply private capital options to small-to-medium sized business all over Europe valued under £75 million. Additional services offer by Metric Capital Partners features offering businesses with fresh capital through buy-outs and investments along with refinances existing financial obligation. The existing portfolio of Metro Capital Partners consists of the following business: Change of Scandinavia Lingerie, Domia Group, Gavle Container Terminal, Global Diagnostics, Centric Health, Kedleston, The Vincent Hotel Group, and Laurel Funerals. Under 2 years of investing Metric Capital Partners has acquired this varied profile. Metric Capital Partners emphasizing supporting the business' plans for ongoing development.
Many experts have noticed that private equity business continues to be extremely active during the last few months, therefore it is of little surprise as Metric Capital Partners’ choose to invest in the Scandinavian area. Peder Prahl, Investment Committee for Triton Partners, recently revealed the company's purchase of Siemen's parcel, package and post automation service while Johan Bergman, CEO of Niam, revealed the firm's first moves into the Danish property