Lyndon Lea Explained

Lyndon Lea
Birth Date:	13 January 1969
Birth Place:	Morecambe, Lancashire, England
Alma Mater:	University of Western Ontario
Occupation:	Financier, investor
Known For:	Co-founding Lion Capital
Spouse:	Married
Nationality:	English
Children:	2 daughters, 2 sons^[1]

Lyndon Lea (born 13 January 1969) is an English financier and investor, known for co-founding Lion Capital which specializes in making investments in the consumer sector. Notable previous and current consumer brands owned by Lion have included Weetabix, Jimmy Choo, Wagamama, Kettle Foods and AllSaints.

Early life

Lea was born in Morecambe, Lancashire, England. His mother was a hairdresser and his father was an engineer who loved travel .^[2] Lea spent his childhood growing up in South Africa, Botswana and moved at aged 13 to Canada, where he became a citizen. In 1990, after graduating in business administration from the University of Western Ontario, his career started in the mergers and acquisitions department of Goldman Sachs in New York working primarily on consumer deals.^[1] He returned to London in 1992 and, after a brief spell in the investment-banking division of Schroders, he was recruited with Neil Richardson, to start the European affiliate (Glenisla) of industry giant KKR. In 1998 he was spotted by Hicks, Muse, Tate & Furst and brought in to launch their new European business. At Hicks Muse he worked with consumer brands ranging from Mumm & Perrier-Jouet champagne brands to Typhoo tea and Branston Pickle.^[3] He also oversaw the flotations of Yell Group, the UK phone directories business, in 2003, and Premier Foods in 2004.^[4]

Lion Capital

In 2004, Lea gained prominence by separating the European business he ran from its ailing American parent, Hicks Muse. Along with Robert Darwent, his Hicks Muse colleague, Lea co-founded Lion Capital and turned Lion Capital into one of the best-known firms in the investment business.^[4] Lea and Lion have invested in over 100 consumer brands in Europe and North America.^[5] The company currently employs 30 investment executives.^[6] Lea is known for his hands-on investing style and^[7] his ownership of high-profile fashion brands such as Jimmy Choo, AllSaints and John Varvatos has made him a staple of the UK and New York press.^[8] Not all of Lion's investments have been successful. Notably, La Senza, which Lea admits was one of the riskier investments for Lion, was not successful.^[9]

Company holdings

Lea's career has been characterised by diverse company holdings including:

• Sold Champagne Mumm & Perrier-Jouet in 2001 to Allied Domecq^[10]
• Bought Weetabix in 2004 for £640 million and sold 60% to Bright Food in 2012 in a deal valuing the company at £1.2 billion^[11]
• Acquired Jimmy Choo in 2004 for £100 million and sold the company in 2007 for £225 million^[12]
• Acquired Wagamama in 2005 for £102 million^[13] and later sold the company for £215 million in 2011^[14]
• Acquired Orangina in 2006 in partnership with the Blackstone Group and later sold the company for €2.6 billion in 2009^[15]
• Acquired Kettle Foods in 2006 for $270 million and sold the company in 2010 for $615 million^[16]
• Acquired HEMA in 2007 for a deal estimated to be worth €1.3 billion^[17]
• Acquired the Findus and Young’s brands in 2008 for £1.1 billion^[18]
• Acquired AS Adventure Group in 2008 for €263 million^[19]
• Invested $80 million in American Apparel in 2009^[13]
• Acquired Bumble Bee Foods for $980 million in 2010^[14]
• Purchased Picard in 2010 for €1.5 billion^[20]
• Acquired AllSaints in 2011^[8]
• Acquired Alain Afflelou in 2012 for €740 million^[7]
• Acquired John Varvatos in 2012^[21]
• Acquired Good Hair Day in 2013 for £300 million^[20]

Lea has also served on the board of several public companies including Harry Winston, American Apparel, Yell Group and Premier Foods.

Personal life

In a personal capacity, Lea is an active supporter and advocate for Not For Sale, a charity that raises awareness of modern day slavery.^[22]

In August 2015, Lea married long-time girlfriend, model Sophie Dickens, whom he met at a charity polo match in 2010.^[1]

Lea is an avid polo player. His team Zacara, is named after his children. In July 2011 Zacara won the Veuve Clicquot Gold Cup for the British Open Polo Championship, at Cowdray Park, West Sussex. The following April, Lea's team also won the U.S. Open Polo Championship.^[23] In 2013, Lea's team again won the U.S. Open Championships, achieving back-to-back victories.^[24] This was followed later in 2013 by an undefeated sweep of the UK season in which Lea's team won the Queen's Cup and again won the Veuve Clicquot Gold Cup^[25] for the British Open Championship.^[26] In 2014, Zacara once again won the prestigious Cartier Queen's Cup. Lea owns a polo ranch in Santa Barbara, California where he has reportedly hosted several lavish summer parties at his Californian beach house which have included entertainment from acts such as Cirque du Soleil and beautiful women.^[27]

Lea also studies Brazilian jiu-jitsu.

Notes and References

1. Web site: The Lion king: polo-playing money man Lyndon Lea on marriage and why he backed American Apparel's ousted CEO. 4 August 2014.
2. https://web.archive.org/web/20090408155351/http://www.independent.co.uk/news/business/news/lyndon-lea-high-stress-and-sleepless-nights-for-the-financier-who-snapped-up-weetabix-569105.html Lyndon Lea: High stress and sleepless nights for the financier who snapped up Weetabix
3. News: Lion Capital's Lyndon Lea defends his performance. 7 October 2011. The Daily Telegraph. London.
4. Web site: Financial News - Setting the agenda for the City. 2021-03-11. www.fnlondon.com.
5. Web site: Lion Capital Brands. www.lioncapital.com. 2019-04-25.
6. Web site: About Lion Capital. www.lioncapital.com. 2019-04-25. 8 December 2019. https://web.archive.org/web/20191208013648/https://www.lioncapital.com/about/. dead.
7. Web site: Lion Capital buys Alain Afflelou Unquote. 2012-05-01. Unquote. en. 2020-01-23.
8. Web site: Lion Capital Brands. www.lioncapital.com. 2019-05-03.
9. https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/9006176/Lion-Capitals-Lyndon-Lea-defends-his-performance.html "Lion Capital's Lyndon Lea defends his performance", The Telegraph, 10 Jan 2012
10. http://www.thegrocer.co.uk/home/topics/mumm-and-perrier-jout-fill-final-allied-domecq-gap/64894.articl
11. News: Weetabix comes under Chinese state control . Nathalie . Thomas . . London . 43 . 2012-05-04 . 2024-06-14 . Newspapers.com.
12. Web site: BoF Careers. The Business of Fashion. en. 2019-04-25.
13. News: Lion Capital snaps up Wagamama. Bowers. Simon. 2005-06-17. The Guardian. 2019-04-25. en-GB. 0261-3077.
14. News: Certainly sir, here is the bill for Wagamama. Times. The. 2011-03-09. The Times. 2019-04-25. en. 0140-0460.
15. News: Suntory Buys Orangina From Blackstone, Lion Capital (Update3) . Bloomberg News. 13 November 2009.
16. Web site: Lion Capital sells Kettle Foods for $615m AltAssets Private Equity News. 30 November 2001 . en-US. 2019-05-03.
17. News: Dutch Maxeda sells Hema retail chain to Lion Capital . Reuters . 2 June 2007.
18. News: Lion Buys Findus-Owner FoodVest for 1 Billion Pounds (Update1) . Bloomberg . 22 July 2008.
19. Web site: BELGIUM - Lion completes EUR 263m Adventure deal Unquote. 2007-11-14. Unquote. en. 2020-01-23.
20. News: Lion Capital Agrees to Buy Picard From BC Partners . Bloomberg . 26 July 2010.
21. Web site: Mumm and Perrier-Jouët fill final Allied Domecq gap. 2000-12-16T00:00:00. The Grocer. en. 2019-06-26.
22. Web site: About Lion Capital. www.lioncapital.com. 2019-06-26. 8 December 2019. https://web.archive.org/web/20191208013648/https://www.lioncapital.com/about/. dead.
23. http://www.polotimes.co.uk/index.php?pg=35&story=828 Lyndon Lea's Zacara win the US Open
24. Web site: Lyndon Lea's Zacara Wins Back-to-Back US Open Championships. Polistas. 23 July 2013. https://web.archive.org/web/20130816134840/http://www.polistas.com/news/lyndon-lea-zacara-wins-us-open/. 16 August 2013. dead.
25. News: Dubai end Zacara's 22-match winning streak as polo's 2014 Veuve Clicquot Gold Cup hots up . London . The Daily Telegraph . Gareth A . Davies . 11 July 2014.
26. Web site: Facundo Pieres Shines, Zacara wins Queen's Cup. Polo Blogs. dead. https://archive.today/20130723232003/http://www.poloblogs.com/facundo-pieres-shines-zacara-wins-queens-cup.html. 23 July 2013. dmy-all.
27. http://www.ft.com/cms/s/0/2c9e1d14-b243-11df-b2d9-00144feabdc0,s01=1.html Wild Lion