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PRINT THIS PAGE Apax to sell NORDSEE to Nomura International and Kamps Food Retail Investments09/08/2005. Source: AltAssets. 
 A consortium led by Apax funds is to sell Bremerhaven-based fish restaurant chain NORDSEE to Japanese bank Nomura and Kamps Food Retail Investments for an undisclosed amount.
NORDSEE has over 400 outlets in Germany, Austria, Switzerland and Eastern Europe. Last year the company generated sales of over €350m.
Apax acquired its majority holding in NORDSEE in 1997 from Unilever. Under Apax's ownership, the company has expanded from Germany into Austria, Switzerland and Eastern Europe.
Dr Mirko Meyer-Schönherr, who joined Apax Partners as a member of the retail and consumer team in July 2001 and is now leading this team in Europe, said, 'After eight years of strong development in our portfolio we are now happy to see NORDSEE pass into good hands. We are confident that with Heiner Kamps at the helm the business will remain successfully on course and continue to grow.'
Michael Phillips, managing partner at Apax Partners Beteiligungsberatung in Munich, added, 'We already know Herr Kamps as an outstanding businessman, and we are delighted that he is now to take over the running of Nordsee.'
Apax financed Heiner Kamps' management buy-out in 1996 in which he bought back the bakeries business he had founded in the 1980s from Borden. The business was later successfully floated as Kamps AG.
Kamps commented, 'I am looking forward to becoming part of the NORDSEE success story and to carrying on the positive development of the business. I see great potential, and I believe there is scope for further international expansion in the long term. Naturally I shall be contributing my experience and my interest in the retail sector.'
Heiner Kamps has held a minority interest in NORDSEE for years. He has established Kamps Food Retail Investment as a holding company for the purpose of acquiring and amalgamating SMEretail concepts in the food and beverage field, mainly in Germany.
Apax focuses on companies in the IT, telecommunications, media, healthcare, retailing and services sectors. The firm has nine offices in Europe, in Israel and in the USA. Apax Partners Beteiligungsberatung in Munich is never an investor or shareholder in Apax portfolio companies; it acts exclusively in an advisory capacity on behalf of investors.
Apax has recently acquired a majority shareholding in Iberian bakery company Panrico from the Costafreda family, La Caixa and other minority shareholders.
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