L Catterton buys minority stake in Danish food chain Lagkaghuset.

Lagkagehuset, a leading premium Danish bakery and food-service chain, announced it had received a new minority investor in the company.

The news is a result of a transaction between the actual owner, Nordic Capital and L Catterton, the largest and most global consumer-focused private equity firm in the world, through which L Catterton will become a strategic minority co-investor with 20 percent ownership. The financial details of the transaction remain undisclosed.

Nordic Capital became sole owner in the summer of 2017, as it acquired 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.

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.