Kharis Capital acquires Nordsee from HK Food

The company has been wholly acquired via KC North Sea, a dedicated investment vehicle managed by Kharis.

Kharis recently acquired a stake in Rigoni di Asiago, an Italian organic confectionery and honey producer, from PE firm Neuberger Berman.

Founded in 2015, the investment firm focuses on the consumer sector and currently controls 550 restaurants across three brands: Burger King, Quick and O'Tacos. It is present in Italy, Belgium, Luxemburg, France and Poland.

Previous funding
Apax acquired Nordsee in a buyout deal from Unilever in 1997.

Funds advised by Apax Partners, together with other shareholders, sold all shares in Nordsee in a trade sale to Kamps Food Retail Investments in 2005. The sale was conducted by way of a limited auction.

Company
Established in 1896 and headquartered in Bremen, Nordsee is a fish and seafood brand and operator of quick service restaurant chains. It was originally founded by a group of Bremen shipowners and merchants. Its network of 350 restaurants are mostly in Germany and Austria.

Nordsee employs a staff of 6,000 employees and reports a turnover of €350m.

People
Kharis Capital – Daniel Grossmann, Manuel Roumain (co-founders).
Nordsee – Heiner Kamps (chairperson of the supervisory board).

Advisers
Vendor – GCA Altium (financial due diligence).

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• Topics
• Buyouts
• DACH
• Consumer
• Germany
• Austria
• Apax Partners