Change Capital Partners

Change Capital Partners, established in 2003, is a London-based private equity firm specialising in lower mid-market investments in consumer-related sectors across Europe. The firm focuses on consumer goods, leisure, retail, and business services companies in the United Kingdom, Germany, France, and Italy. With a track record of investing close to €400 million, Change Capital leverages its deep operational expertise, drawn from running major blue-chip businesses in the sector, to support founders and managers in achieving growth ambitions.

Roger Holmes

Partner

Steven Petrow

Partner

11 past transactions

Switch Bioworks

Seed Round in 2024
Switch Bioworks is a biotechnology company specializing in sustainable agriculture. It produces eco-friendly nitrogen fertilizers by genetically reprogramming naturally occurring symbiotic microbes, transforming them into controlled fertilizer-producing microorganisms that benefit crops directly at the root level. This innovative approach offers farmers an affordable and environmentally responsible alternative to conventional chemical nitrogen fertilizers.

Hisky Medical

Series B in 2016
Hisky Medical is a company based in Beijing, China, established in 2010, that specializes in the development, manufacturing, and marketing of medical equipment aimed at non-invasive liver diagnosis. The firm focuses on innovative technologies for disease diagnosis and has developed a product called FibroTouch, which is designed to facilitate the assessment of liver conditions without the need for invasive procedures. Through its advancements in medical technology, Hisky Medical aims to improve diagnostic accuracy and patient comfort in the evaluation of liver health.

Frette

Acquisition in 2014
Frette linen embellished luxury hotels and the most prestigious public and private residences in Italy and abroad.

Paule Ka Paris

Acquisition in 2011
Paule Ka S.A is a Paris-based company that specializes in the manufacture and sale of ready-to-wear apparel for women. Founded in 1974, the brand is recognized for its accessible luxury offerings, which include a diverse range of products such as dresses, workwear, knitwear, jackets, coats, skirts, and a variety of accessories like bags, footwear, hats, and scarves. Paule Ka's commitment to quality and style is reflected in its designs, catering to modern women seeking fashionable yet comfortable clothing. The company distributes its products through both online platforms and physical retail locations, making its collections widely accessible to customers.

Sebeto S.p.A.

Acquisition in 2011
Sebeto S.p.A. is a holding company that operates a network of pizza restaurants both in Italy and internationally. The company specializes in Italian casual dining, featuring a menu that includes authentic Neapolitan cuisine alongside a selection of drinks, desserts, and cocktails. By offering various dining formats, Sebeto S.p.A. ensures that customers can enjoy freshly prepared dishes in a welcoming environment.

Macduff Shellfish

Acquisition in 2011
Macduff Shellfish Group is a prominent wild shellfish processor based in Europe, specializing in scallops, langoustines, whelks, and crabs. The company operates as a vertically integrated business, owning 14 mid-shore scallop harvesting vessels and production facilities located in Mintlaw and Stornoway, Scotland. With annual sales of approximately £52 million, Macduff trades on a global scale and employs over 400 individuals during peak seasons. The company has actively consolidated its position in the UK fishing sector by acquiring several businesses, including Scott Trawlers, Saltire Fisheries, and a whelk procurement and distribution operation from The Greendale Group, as well as the former Young's Seafood factory in Stornoway. Through these strategic expansions, Macduff Shellfish continues to strengthen its footprint in the shellfish market.

Hallhuber Beteiligungs

Acquisition in 2009
Hallhuber GmbH is a fashion company which has been based in Munich since 1977. It operates over 200 retail spaces (as of September 2014) in Germany, Austria, Belgium, the UK, Switzerland and the Netherlands, as well as operating its own online shops in Germany, Austria, Switzerland and France. Under the direction of Susanne Hallhuber, the Hallhuber design team creates the trendy, high-quality HALLHUBER and HALLHUBER DONNA womenswear collections which are supplemented by accessories and shoes.

Jil Sander Italia

Acquisition in 2006
Jil Sander is a luxury fashion house known for its distinctive wardrobe offerings for both women and men. The brand fuses elements from various genres, creating a diverse range of products that includes apparel, bags, accessories, shoes, eyewear, and jewelry. Jil Sander emphasizes contemporary design, quality materials, and craftsmanship, while also modernizing traditional concepts in fashion. This approach allows the brand to maintain its reputation for elegance and sophistication in the competitive luxury market.

Republic

Acquisition in 2005
Republic Fashion is home to top fashion and clothing brands like Motel, Miso, Tailored Saint, Levis, Crafted and Soul Cal Deluxe, and this is our official page. Whether you're looking for dresses, jeans, shoes or something a little bit different Republic is here to make you look amazing. Think of us as your virtual stylist, but without the hefty price tag.

Hillarys

Acquisition in 2004
Hillarys Blinds Limited specializes in the manufacturing and retail of window dressings and flooring products, including blinds, curtains, and shutters, catering to residential spaces across the United Kingdom and Ireland. The company offers a diverse range of made-to-measure products such as roller, roman, vertical, and venetian blinds, as well as various styles of curtains and shutters. Hillarys also provides flooring solutions, including carpets and vinyl, while emphasizing personalized in-home design consulting services to help customers select the ideal products for their living spaces. Founded in 1971 and based in Colwick, United Kingdom, Hillarys operates as a subsidiary of Hunter Douglas (UK) Limited since 2017.

Robert Dyas

Acquisition in 2004
Robert Dyas is a well-established home and garden retail chain in the United Kingdom, offering a diverse range of products including appliances, electronics, furnishings, gardening supplies, kitchenware, lighting, and DIY items. The company operates both physical retail locations and an online platform, providing customers with a comprehensive one-stop shopping experience for all their home and garden needs. Founded in 1872 by Robert Dyas, the business has a rich history marked by resilience, overcoming various challenges such as economic downturns and significant disruptions during World War II and a fire in 1997. Since its acquisition by Theo Paphitis in 2012, Robert Dyas has implemented strategic investments in marketing and merchandising, leading to consistent year-on-year growth and a strengthened brand presence.
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