Advent International and the Kreke family has sold their portfolio company AppelrathCüpper to OpCapita
OpCapita Consumer Opportunities Fund LP (the “Fund”), advised by OpCapita LLP (‘‘OpCapita’’), the European private equity partnership, announced the signing of an agreement to acquire Reiner AppelrathCüpper Nachf. GmbH (‘‘AppelrathCüpper’’ or the ‘‘Company’’), a leading designer womenswear retailer in Germany. The Fund is acquiring the Company from Moda Holding GmbH, a holding company jointly held by the Kreke Family and funds managed by Advent International. Lincoln International, a leading global mid-market financial advisory firm, served as exclusive mergers and acquisitions advisor to the sellers.
AppelrathCüpper, founded in Aachen in 1882, operates 13 stores at prime retail locations across key cities in Germany, selling high-end brands including Hugo Boss, Marc Cain, Burberry, Armani Collezioni, Tommy Hilfiger or Marco Polo, as well as its own private label range.
OpCapita plans to drive the future growth and development of the Cologne-based retailer in close collaboration with the Company’s long-standing management team. Under new ownership, the Company will accelerate its existing strategy to enhance its existing retail footprint, expand its premium brand concept, open new stores and enhance the integration of online and offline sales channels.
Established in 1984, Advent International is one of the largest and most experienced private equity investors globally. The firm has invested USD 30 billion (Euro 23 billion) in more than 300 private equity transactions in 40 countries. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom.
Founded in 2006, OpCapita is a European private equity firm specializing in the retail, consumer and leisure industries. OpCapita actively invests in companies where there is an opportunity to deliver improvements in profitability and create long-term, sustainable value. The team of in-house operating partners has decades of experience in consumer-facing businesses and a widespread network of contacts and specialists. The team adopts a hands-on approach to the companies in which it invests, drawing on exceptional management talent to deliver on its investments. Over the past 10 years, OpCapita has invested over Euro 450 million in businesses in the U.K., France, Germany and Spain.
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