FSN divests Lagkagehuset to Nordic Capital.

Lagkagehuset, a leading premium Danish bakery and food-service chain, announced that Nordic Capital acquired the majority stake in the company.

The transaction was made with FSN Capital, after eight years of ownership, when the investor placed money through the merger of Lagkagehuset and Skallebæks Bageri.

Nordic Capital will acquire FSN Capital's entire majority shareholding in Lagkagehuset A/S, as well as the stakes held by the two founders, Ole Kristoffersen and Steen Skallebæk.

The financial terms of the transaction remain undisclosed.

Lagkagehuset, managed by CEO Jesper Friis, is a leading premium bakery and food-service chain in Denmark with 67 stores, and a newly established presence in the UK. The company operates a premium concept focusing on high-quality artisanal breads, cakes and pastries as well as other food, teas and coffee. Its unique offering,  quality products and proven concept are based on a business model with in-house bakery production and a scalable roll-out strategy.

The stores in the UK, trading under the “Ole & Steen” brand, are the first phase of an international roll out and prove that the business model is highly scalable.

The company has a total of 1,800 employees, reported revenues of DKK 665 million and growth of 20% in 2016.