Credo becomes shareholder in Villa Paradiso, an Italian restaurant chain from Oslo

Villa Paradiso, an Oslo, Norway-based chain of Italian restaurants, announced entering into an agreement of selling the majority share package to Credo Partners. The financial details remain undisclosed.

Villa Paradiso, founded by Jan Vardøen and Trond Haug, is one of Oslo's most well-known restaurants for authentic Italian food. The investment money will be used to open more restaurants and grow the business further.

Jan Vardøen, founder Villa Paradiso:

"We have worked a while to find a partner that can strengthen us for further growth and Credo represents the experience and expertise we truly believe will contribute to good structure and healthy growth, while retaining Villa Paradiso's unique culture, quality and atmosphere"

Gudmund Killi, CEO of Credo Partners:

"Villa Paradiso has an exceptionally strong and viable concept, and we are happy and proud of the partnership with the entrepreneurs and the management of the business."