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Lion Capital LLP

March 05, 2023

Lion Capital LLP is a British private equity firm specialising in investments in the consumer sector. Previous and current consumer brands owned by Lion have included Weetabix, Jimmy Choo, Wagamama, Kettle Foods and AllSaints.

Lion Capital
TypePrivate
IndustryPrivate equity
PredecessorHicks Muse Tate & Furst Europe (1999-2004)
Founded2004
HeadquartersLondon, SW1
United Kingdom
ProductsLeveraged buyouts, Growth capital
Total assets€4.8 billion
Number of employees
65[1]
Websitelioncapital.com

The firm is headquartered in London, England, and employs 30 investment executives across its London and Los Angeles offices.[2]

The firm’s principals have invested approximately €6 billion in more than 30 businesses and more than 100 consumer brands.[1]

History

The firm’s predecessor was launched in 1998 as the European affiliate of American private equity firm Hicks Muse Tate & Furst (now HM Capital).[3] Lyndon Lea and Robert Darwent separated the European affiliate from its ailing American parent, launching Lion Capital as an independent private equity firm.[4] Lion Capital was founded in 2004 by Lyndon Lea, Robert Darwent and Neil Richardson with the goal of creating the leading investment firm focused on the consumer sector.[2] In 2004, Lion Capital completed fundraising for its first private equity fund, Lion Capital Fund I, with commitments from institutional investors of €820 million.[5] Over thirty institutions committed capital to Fund I.[2]

In April 2007, Lion Capital established a North American presence, opening an office in New York.[2] That same year, Lion Capital raised its second private equity fund, Lion Capital Fund II, with approximately €2.0 billion of investor commitments.[6][7]

In 2010, Lion Capital formed its third private equity fund, Lion Capital Fund III, which ultimately included capital commitments of €1.5 billion.[2][8]

In October 2012, the North American office was relocated from New York to Los Angeles.[9]

In May 2016, it was announced that Javier Ferrán will replace Franz Humer as Chairman of Diageo as of 1 January 2017[10] In November 2018, Lion Capital and Serruya Private Equity teamed up to acquire the Global Franchise Group (Great American Cookies, Round Table Pizza, Marble Slab Creamery, Pretzelmaker, MaggieMoo's Ice Cream and Treatery, and Hot Dog on a Stick) from Levine Leichtman Capital Partners.[11] In February 2019, Lion Capital acquired the DMC Group (needlecrafts manufacturers DMC, Wool and the Gang, Sirdar, Tilsatec) from BlueGem Capital.[12][13] During the summer of 2019, Lion Capital reduced its participation in Authentic Brands Group to make room for BlackRock's majority-shareholding move.[14]

Activities

Lion Capital seeks to invest in mid and large-sized companies selling branded products, including apparel, accessories and luxury goods, food distribution and specialty retail.[15] Lion Capital’s directors have resisted diversification into other sectors, claiming that their strategy is to know more about less.[1]

Lion Capital’s team draws on its investing and operating expertise to identify consumer brands with growth potential and implement value creating strategies within these businesses, often through geographic expansion, category extension, product innovation or operating improvements.[16] Lion Capital focuses on companies in Europe and North America.[15]

On June 26, 2019, Chloe Sorvino, a reporter from Forbes magazine, reported that Lion Capital will invest $ 100 million in Gordon Ramsay Holdings Limited, to open 100 restaurants in the United States by the year 2024.[17]

Lion Capital's portfolio has included some of the world's best known consumer brands:[1]

Brand Year acquisition
(or year of investment)		 Partner Price for acquisition
(or amount of the investment)		 Year sold Price sold
Weetabix Limited 2004 £640 million 2012[18] £720 million (60% sold to Bright Food)
Jimmy Choo Ltd £100 million 2007[19] £225 million
Materne
(Materne, Confipote, Pom’Potes)[20]		 2006
Wagamama[21] 2005 £102 million 2011[22] £215 million
Orangina-Schweppes[23] 2006 The Blackstone Group 2009 €2.6 billion
Kettle Foods $270 million 2010[24] $615 million
HEMA (store)[25] 2007 €1.3 billion (estimation) 2018[26] (undisclosed)
FoodVest
(Findus and Young's Seafood)[27]		 2008 £1.1 billion
AS Adventure Group[28] 2008 €263 million
Russkiy Alkogol[29] Central European Distribution Corporation
American Apparel[30] 2009 $80 million (investment)
Bumble Bee Foods[31] 2010 $980 million
Picard Surgelés[32] €1.5 billion
AllSaints 2011
Alain Afflelou[33] 2012 €740 million
John Varvatos[34]
Good Hair Day (GHD)[35] 2013 £300 million 2016[36] £420 million
Pittarosso[37] 2014 £295 million
Spence Diamonds[38] 2015
Loungers[39] 2016 £137 million
Great American Cookies[11] 2018 Serruya Private Equity
Round Table Pizza[11] Serruya Private Equity
Marble Slab Creamery[11] Serruya Private Equity
Pretzelmaker[11] Serruya Private Equity
MaggieMoo's Ice Cream and Treatery[11] Serruya Private Equity
Hot Dog on a Stick[11] Serruya Private Equity

See also

References

  1. ^ a b c d . 1 October 2014. Archived from the original on October 1, 2014.
  2. ^ a b c d e "About Lion Capital". lioncapital.com. Retrieved 12 September 2016.
  3. ^ "Hicks Muse splits from US". Financial Times. 22 January 2005. Retrieved 12 September 2016. (subscription required)
  4. ^ Hipwell, Deirdre. "Lion Capital gets ready to bare its teeth - The Times". thetimes.co.uk. Retrieved 12 September 2016.
  5. ^ "Lion Capital's Lyndon Lea defends his performance". telegraph.co.uk. Retrieved 12 September 2016.
  6. ^ Porter, Kiel (22 August 2011). "Lion Capital hits €1.3bn in latest close". efinancialnews.com. Financial News. Retrieved 12 September 2016.
  7. ^ Kreutzer, Laura (12 February 2010). "Til Key Man Do Us Part: Famous Private Equity Break-Ups". Wall Street Journal blogs. Retrieved 12 September 2016.
  8. ^ "Lion Capital falls short of €2bn target for third fund - AltAssets Private Equity News". 25 June 2012. Retrieved 12 September 2016.
  9. ^ Porter, Kiel (9 July 2012). "WSJ Pro Private Equity". Wall Street Journal. Retrieved 12 September 2016. (subscription required)
  10. ^ "Diageo names Lion Capital partner Javier Ferrán chairman". Reuters.com. 18 May 2018. Retrieved 1 August 2018.
  11. ^ a b c d e f g Jessica Saunders (21 November 2018). "UPDATE Los Angeles, Toronto PE firms buy Atlanta's Global Franchise Group". Bizjournals.com. Retrieved 8 October 2019.
  12. ^ Chris Witkowsky (13 February 2019). "Lion Capital acquires DMC Group from BlueGem Capital". Pehub.com. Retrieved 8 October 2019.
  13. ^ Danielle Wightman-Stone (4 March 2019). "Lion Capital acquires The DMC Group". Fashionunited.uk. Retrieved 8 October 2019.
  14. ^ Miriam Gottfried; Cara Lombardo (11 August 2019). "BlackRock Takes Stake in Owner of Sports Illustrated, Nine West". Wsj.com. Retrieved 8 October 2019.
  15. ^ a b "Lion Capital LLP: Private Company Information - Businessweek". businessweek.com. Retrieved 12 September 2016.
  16. ^ "Lion Capital Approach". lioncapital.com. Retrieved 12 September 2016.
  17. ^ Sorvino, Chloe (June 26, 2019). "Gordon Ramsay Plots 100 U.S. Restaurants With New Private Equity Deal". Forbes. Retrieved July 5, 2019.
  18. ^ Nathalie Thomas (3 May 2012). "China's Bright Food takes 60pc stake in Weetabix". Telegraph.co.uk. Retrieved 1 August 2018.
  19. ^ "Jimmy Choo - Discover Jimmy Choo's Company Page". Businessoffashion.com. Retrieved 12 September 2016.
  20. ^ "Activa Capital to acquire Materne from Lion Capital" (PDF). Activacapital.com. 2 November 2006. Retrieved 1 August 2018.
  21. ^ Bowers, Simon (17 June 2005). "Lion Capital snaps up Wagamama". theguardian.com. Retrieved 12 September 2016 – via The Guardian.
  22. ^ "Certainly sir, here is the bill for Wagamama - The Times". thetimes.co.uk. The Times. Retrieved 12 September 2016.
  23. ^ . Bloomberg News. Archived from the original on 2014-10-12. Retrieved 2014-09-17.
  24. ^ "Lion Capital sells Kettle Foods for $615m - AltAssets Private Equity News". altassets.net. AltAssets. 30 November 2001. Retrieved 12 September 2016.
  25. ^ "Dutch Maxeda sells Hema retail chain to Lion Capital". Reuters. Reuters. 2 June 2007. Retrieved 12 September 2016.
  26. ^ Croft, Adrian; Meijer, Bart (18 October 2018). "Lion Capital sells Dutch retailer HEMA to Dutch billionaire". Reuters. Retrieved 25 July 2019.
  27. ^ Helen Power (23 July 2008). "Lion Capital buys FoodVest for £1.1bn". Telegraph.co.uk. Retrieved 1 August 2018.
  28. ^ "BELGIUM - Lion completes EUR 263m Adventure deal - Unquote". unquote.com. Retrieved 12 September 2016.
  29. ^ "Not Russian Vodka". Russia-ic.com. 16 July 2008. Retrieved 1 August 2018.
  30. ^ . Bloomberg News. Archived from the original on 2014-11-26. Retrieved 2014-11-13.
  31. ^ Peker, Emre. "Lion Capital Taps JPMorgan for $980 Million Bumble Bee Buyout". bloomberg.com. Retrieved 12 September 2016.
  32. ^ Finch, Gavin. "Lion Capital Agrees to Buy Picard From BC Partners". bloomberg.com. Retrieved 12 September 2016.
  33. ^ "Lion Capital buys Alain Afflelou - Unquote". unquote.com. Retrieved 12 September 2016.
  34. ^ Karr, Jean E. Palmieri,Arnold J. (8 March 2012). "Lion Capital Acquires Majority of John Varvatos". wwd.com. Retrieved 12 September 2016.
  35. ^ "Montagu sells ghd to Lion Capital for 300 mln stg". Reuters. 10 February 2013. Retrieved 12 September 2016.
  36. ^ "Coty Completes Acquisition of GHD". Estetica Magazine. 21 November 2016. Retrieved 25 July 2019.
  37. ^ "Lion Capital to acquire PittaRosso from 21 Investimenti" (PDF). Lioncapital.com. Retrieved 1 August 2018.
  38. ^ Primack, Dan (8 April 2015). "Lion Capital buying Canada's Spence Diamonds". Fortune. Retrieved 11 July 2018.
  39. ^ Neil Gerrard (20 December 2016). "Lion Capital in £137m Loungers takeover". Thecaterer.com. Retrieved 1 August 2018.

External links

  • Official website  

March 05, 2023
lion, capital, british, private, equity, firm, specialising, investments, consumer, sector, previous, current, consumer, brands, owned, lion, have, included, weetabix, jimmy, choo, wagamama, kettle, foods, allsaints, lion, capitaltypeprivateindustryprivate, eq. Lion Capital LLP is a British private equity firm specialising in investments in the consumer sector Previous and current consumer brands owned by Lion have included Weetabix Jimmy Choo Wagamama Kettle Foods and AllSaints Lion CapitalTypePrivateIndustryPrivate equityPredecessorHicks Muse Tate amp Furst Europe 1999 2004 Founded2004HeadquartersLondon SW1United KingdomProductsLeveraged buyouts Growth capitalTotal assets 4 8 billionNumber of employees65 1 Websitelioncapital comThe firm is headquartered in London England and employs 30 investment executives across its London and Los Angeles offices 2 The firm s principals have invested approximately 6 billion in more than 30 businesses and more than 100 consumer brands 1 Contents 1 History 2 Activities 3 See also 4 References 5 External linksHistory EditThe firm s predecessor was launched in 1998 as the European affiliate of American private equity firm Hicks Muse Tate amp Furst now HM Capital 3 Lyndon Lea and Robert Darwent separated the European affiliate from its ailing American parent launching Lion Capital as an independent private equity firm 4 Lion Capital was founded in 2004 by Lyndon Lea Robert Darwent and Neil Richardson with the goal of creating the leading investment firm focused on the consumer sector 2 In 2004 Lion Capital completed fundraising for its first private equity fund Lion Capital Fund I with commitments from institutional investors of 820 million 5 Over thirty institutions committed capital to Fund I 2 In April 2007 Lion Capital established a North American presence opening an office in New York 2 That same year Lion Capital raised its second private equity fund Lion Capital Fund II with approximately 2 0 billion of investor commitments 6 7 In 2010 Lion Capital formed its third private equity fund Lion Capital Fund III which ultimately included capital commitments of 1 5 billion 2 8 In October 2012 the North American office was relocated from New York to Los Angeles 9 In May 2016 it was announced that Javier Ferran will replace Franz Humer as Chairman of Diageo as of 1 January 2017 10 In November 2018 Lion Capital and Serruya Private Equity teamed up to acquire the Global Franchise Group Great American Cookies Round Table Pizza Marble Slab Creamery Pretzelmaker MaggieMoo s Ice Cream and Treatery and Hot Dog on a Stick from Levine Leichtman Capital Partners 11 In February 2019 Lion Capital acquired the DMC Group needlecrafts manufacturers DMC Wool and the Gang Sirdar Tilsatec from BlueGem Capital 12 13 During the summer of 2019 Lion Capital reduced its participation in Authentic Brands Group to make room for BlackRock s majority shareholding move 14 Activities EditLion Capital seeks to invest in mid and large sized companies selling branded products including apparel accessories and luxury goods food distribution and specialty retail 15 Lion Capital s directors have resisted diversification into other sectors claiming that their strategy is to know more about less 1 Lion Capital s team draws on its investing and operating expertise to identify consumer brands with growth potential and implement value creating strategies within these businesses often through geographic expansion category extension product innovation or operating improvements 16 Lion Capital focuses on companies in Europe and North America 15 On June 26 2019 Chloe Sorvino a reporter from Forbes magazine reported that Lion Capital will invest 100 million in Gordon Ramsay Holdings Limited to open 100 restaurants in the United States by the year 2024 17 Lion Capital s portfolio has included some of the world s best known consumer brands 1 Brand Year acquisition or year of investment Partner Price for acquisition or amount of the investment Year sold Price soldWeetabix Limited 2004 640 million 2012 18 720 million 60 sold to Bright Food Jimmy Choo Ltd 100 million 2007 19 225 millionMaterne Materne Confipote Pom Potes 20 2006Wagamama 21 2005 102 million 2011 22 215 millionOrangina Schweppes 23 2006 The Blackstone Group 2009 2 6 billionKettle Foods 270 million 2010 24 615 millionHEMA store 25 2007 1 3 billion estimation 2018 26 undisclosed FoodVest Findus and Young s Seafood 27 2008 1 1 billionAS Adventure Group 28 2008 263 millionRusskiy Alkogol 29 Central European Distribution CorporationAmerican Apparel 30 2009 80 million investment Bumble Bee Foods 31 2010 980 millionPicard Surgeles 32 1 5 billionAllSaints 2011Alain Afflelou 33 2012 740 millionJohn Varvatos 34 Good Hair Day GHD 35 2013 300 million 2016 36 420 millionPittarosso 37 2014 295 millionSpence Diamonds 38 2015Loungers 39 2016 137 millionGreat American Cookies 11 2018 Serruya Private EquityRound Table Pizza 11 Serruya Private EquityMarble Slab Creamery 11 Serruya Private EquityPretzelmaker 11 Serruya Private EquityMaggieMoo s Ice Cream and Treatery 11 Serruya Private EquityHot Dog on a Stick 11 Serruya Private EquitySee also EditLyndon Lea Hicks Muse Tate amp FurstReferences Edit a b c d Lion Capital 1 October 2014 Archived from the original on October 1 2014 a b c d e About Lion Capital lioncapital com Retrieved 12 September 2016 Hicks Muse splits from US Financial Times 22 January 2005 Retrieved 12 September 2016 subscription required Hipwell Deirdre Lion Capital gets ready to bare its teeth The Times thetimes co uk Retrieved 12 September 2016 Lion Capital s Lyndon Lea defends his performance telegraph co uk Retrieved 12 September 2016 Porter Kiel 22 August 2011 Lion Capital hits 1 3bn in latest close efinancialnews com Financial News Retrieved 12 September 2016 Kreutzer Laura 12 February 2010 Til Key Man Do Us Part Famous Private Equity Break Ups Wall Street Journal blogs Retrieved 12 September 2016 Lion Capital falls short of 2bn target for third fund AltAssets Private Equity News 25 June 2012 Retrieved 12 September 2016 Porter Kiel 9 July 2012 WSJ Pro Private Equity Wall Street Journal Retrieved 12 September 2016 subscription required Diageo names Lion Capital partner Javier Ferran chairman Reuters com 18 May 2018 Retrieved 1 August 2018 a b c d e f g Jessica Saunders 21 November 2018 UPDATE Los Angeles Toronto PE firms buy Atlanta s Global Franchise Group Bizjournals com Retrieved 8 October 2019 Chris Witkowsky 13 February 2019 Lion Capital acquires DMC Group from BlueGem Capital Pehub com Retrieved 8 October 2019 Danielle Wightman Stone 4 March 2019 Lion Capital acquires The DMC Group Fashionunited uk Retrieved 8 October 2019 Miriam Gottfried Cara Lombardo 11 August 2019 BlackRock Takes Stake in Owner of Sports Illustrated Nine West Wsj com Retrieved 8 October 2019 a b Lion Capital LLP Private Company Information Businessweek businessweek com Retrieved 12 September 2016 Lion Capital Approach lioncapital com Retrieved 12 September 2016 Sorvino Chloe June 26 2019 Gordon Ramsay Plots 100 U S Restaurants With New Private Equity Deal Forbes Retrieved July 5 2019 Nathalie Thomas 3 May 2012 China s Bright Food takes 60pc stake in Weetabix Telegraph co uk Retrieved 1 August 2018 Jimmy Choo Discover Jimmy Choo s Company Page Businessoffashion com Retrieved 12 September 2016 Activa Capital to acquire Materne from Lion Capital PDF Activacapital com 2 November 2006 Retrieved 1 August 2018 Bowers Simon 17 June 2005 Lion Capital snaps up Wagamama theguardian com Retrieved 12 September 2016 via The Guardian Certainly sir here is the bill for Wagamama The Times thetimes co uk The Times Retrieved 12 September 2016 Suntory Buys Orangina from Blackstone Lion Capital Update3 Bloomberg Bloomberg News Archived from the original on 2014 10 12 Retrieved 2014 09 17 Lion Capital sells Kettle Foods for 615m AltAssets Private Equity News altassets net AltAssets 30 November 2001 Retrieved 12 September 2016 Dutch Maxeda sells Hema retail chain to Lion Capital Reuters Reuters 2 June 2007 Retrieved 12 September 2016 Croft Adrian Meijer Bart 18 October 2018 Lion Capital sells Dutch retailer HEMA to Dutch billionaire Reuters Retrieved 25 July 2019 Helen Power 23 July 2008 Lion Capital buys FoodVest for 1 1bn Telegraph co uk Retrieved 1 August 2018 BELGIUM Lion completes EUR 263m Adventure deal Unquote unquote com Retrieved 12 September 2016 Not Russian Vodka Russia ic com 16 July 2008 Retrieved 1 August 2018 American Apparel Announces 80 Million Investment by Lion Bloomberg Bloomberg News Archived from the original on 2014 11 26 Retrieved 2014 11 13 Peker Emre Lion Capital Taps JPMorgan for 980 Million Bumble Bee Buyout bloomberg com Retrieved 12 September 2016 Finch Gavin Lion Capital Agrees to Buy Picard From BC Partners bloomberg com Retrieved 12 September 2016 Lion Capital buys Alain Afflelou Unquote unquote com Retrieved 12 September 2016 Karr Jean E Palmieri Arnold J 8 March 2012 Lion Capital Acquires Majority of John Varvatos wwd com Retrieved 12 September 2016 Montagu sells ghd to Lion Capital for 300 mln stg Reuters 10 February 2013 Retrieved 12 September 2016 Coty Completes Acquisition of GHD Estetica Magazine 21 November 2016 Retrieved 25 July 2019 Lion Capital to acquire PittaRosso from 21 Investimenti PDF Lioncapital com Retrieved 1 August 2018 Primack Dan 8 April 2015 Lion Capital buying Canada s Spence Diamonds Fortune Retrieved 11 July 2018 Neil Gerrard 20 December 2016 Lion Capital in 137m Loungers takeover Thecaterer com Retrieved 1 August 2018 External links EditOfficial website Retrieved from https en wikipedia org w index php title Lion Capital LLP amp oldid 1105990306, wikipedia, wiki, book, books, library,

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