Ole & Steen | Investments | Nordic Capital
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Ole & Steen

Premium Bakery-Led Food-Service Chain

Ole & Steen is a leading premium bakery-led food-service chain with over 100 stores in Denmark, the UK and the US. The company operates a premium concept focusing on high-quality artisanal breads, cakes and pastries as well as other food, teas and coffee.

Company Background

  • Professionalisation of the fresh bakery industry, responding to the increasing public focus on healthy quality food products.
  • High degree of flexibility of concept, ranging from large traditional bakeries to smaller urban food-to-go outlets.
  • Quality products and proven concept are based on a business model with in-house bakery production and a scalable roll-out strategy.

Vision & Outlook

  • Further support Ole & Steen in its European rollout and internationalisation.

Highlights & Updates

  • Opening of new stores in New York and London to fuel international growth
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SECTOR

Consumer

REVENUES 2022

EUR 175 million

EMPLOYEES

1,230

OWNERSHIP

Fund VIII

INVESTMENT DATE

2017

HEAD OFFICE

Copenhagen, Denmark

MANAGEMENT

Joachim Knudsen

CEO

Kennet Wienecke

CFO

CHAIRPERSON

David Campbell

RESPONSIBLE ADVISOR

Robert Furuhjelm

Partner, Head of Exit Office | Head of Finland