Ipes, the leading provider of outsourced services to private equity in Europe, is providing administration services to OpCapita, the European private equity firm, in the closing of its second fund, OpCapita Consumer Opportunities Fund II.
The fund closed at its hard cap of €350m and attracted strong support from a high quality, global investor base. Ipes will provide services to the fund from its London office.
Founded in 2006, OpCapita specialises in the retail, consumer and leisure industries. With the backing of major global institutional investors, the firm invests in underperforming businesses that require expert help and support to make them stronger through better operational management.
Over the past ten years, OpCapita has invested over €450 million in businesses in the UK, France, Germany and Spain.
Ben Cook, UK Managing Director of Ipes, commented: "OpCapita focuses on quality investments and quality fund operations. Ipes is delighted to be selected as their administration provider and we look forward to building a long and successful partnership together."
Fried Frank and Mourant Ozannes acted as OpCapita’s legal council. The Fried Frank team was led by partners Alexandra Conroy and Mark Mifsud and included associates Kayleigh Patrick and Natalia Kubik, amongst others from their international funds team.
You can find out more about OpCapita here- www.opcapita.com.