Nordic Capital will acquire the entire FSN Capital's majority shareholding in Lagkagehuset along with the two founders, Ole Kristoffersen’s and Steen Skallebæk’s shares in Lagkagehuset.
Lagkagehuset is a bakery chain with 68 stores in Denmark and a presence in the UK. They sell their artisanal breads, cakes and pastries as well as other food, teas and coffee through large traditional bakeries to smaller urban food-to-go outlets.
FSN acquired the company in 2008. The company reported revenues of DKK 665 million in 2016 and a total of 1,800 employees. The company grew by 20 per cent in 2016.