Kharis Capital’s Acquisition of Nordsee Holding GmbH

Willkie advised HK Food in the deal

HK Food GmbH, a subsidiary of Unternehmensgruppe Theo Müller, and Kharis Capital have reached an agreement for the 100% acquisition of Nordsee Holding GmbH by KC North Sea, a dedicated investment vehicle managed by Kharis Capital.

With a network of c.350 restaurants mainly in Germany and Austria and founded in 1896, NORDSEE is one of the largest players in the European Quick Service Restaurant sector and the leading fish & seafood brand with high brand awareness.

Kharis Capital is a family-backed investor in the consumer sector, with a dedicated focus on the QSR market. Through various entities, it currently controls close to 550 restaurants across 3 brands (Burger King, Quick and O’Tacos) and 5 key countries (Italy, Belgium, Luxemburg, France and Poland).

NORDSEE with its headquarters in Bremerhaven was founded in 1896 by a group of Bremen shipowners and merchants and since has become a hallmark of high quality fish and seafood products. Today, the company operates more than 350 locations with Restaurant, Snack-Shop or Ocean Buffet configuration, making it the leading fish and seafood specialities brand in Europe. With over 6,000 employees, thereof 165 trainees, NORDSEE c. 20 million customers, generating System Wide Sales greater than EUR 350m.

Willkie advised HK Food with a team including Mario Schmidt – recently deceased – (Picture), Georg Linde, Jan Wilms, Bettina Bokeloh and Daniel Zakrzewski.

Involved fees earner: Mario Schmidt – Willkie Farr & Gallagher; Georg Linde – Willkie Farr & Gallagher; Daniel Zakrzewski – Willkie Farr & Gallagher; Jan Wilms – Willkie Farr & Gallagher; Bettina Bokeloh – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: HK Food GmbH;