Nordic Capital Fund VIII has announced the acquisition of Lagkagehuset. The acquisition of the popular Danish bakery and food-service has been acquired by Nordic Capital from FSN Capital. FSN announced that they were selling their majority shares in the bakery after owning Lagkagehuset for more than eight years. Lagkagehuset delivers a range of artisanal breads, cakes and pastries as well as a range of other food teas and coffees from their large and traditional bakeries to the smaller food-to-go outlets in more urban locations.
Lagkagehuset has a number of different stores open throughout Denmark and has recently opened locations in London. Nordic Capital feels that the Danish Bakery chain has the potential to further expand and want to support Lagkagehuset while accelerating the growth progress of the barkery in Denmark as well as in other locations around the world.
The leading Danish premium bakery, Lagkagehuset has 67 stores and has recently established a presence in the UK. Lagkagehuset trade in the UK using the Ole & Steen brand and are the first phase of an international rollout plan for the company. With the help of the new owner Nordic Capital the foundations that have been formed in Denmark and London are ideal for further expansion.
The toe Ole and Steen locations in London are doing well, with an expected 200 employees between them before the end of the year. The Ole & Steen locations are in the Haymarket and Richmond parts of London. There are plans for 2 more stores in Canary Wharf and Victoria upcoming.
FSN Capital are proud of their period of ownership of Lagkagehuset as they were the first to expand the chain outside of Denmark. Lagkagehuset works to add professionalism to the fresh bakery industry which has come as a reaction to the public concern and focus on healthy quality food.
