Munich, March 20, 2019 — British financial investor OpCapita LLP (“OpCapita”) has sold the textile discounter NKD to investment funds of British TDR Capital LLP (“TDR Capital”). Blättchen & Partner advised the NKD management in the transaction. The NKD Group, based in Bindlach near Bayreuth, is one of the leading value retailers and local suppliers to the textile retail sector in Central Europe. The textile discounter NKD with almost 1,800 stores offers a wide range of seasonal fashion, home textiles and home accessories. NKD employs around 8,000 people and achieved a turnover of around EUR 700 million in 2018. OpCapita is a London-based private equity company specialising in the retail, consumer and leisure sectors. The company invests in underperforming companies that require operational support to improve profitability and create long-term sustainable value.
TDR Capital, a London-based private equity firm, aims to support NKD Group in its organic growth and expansion into new markets. Blättchen & Partner advised the management, in particular with regard to the management participation program with Prof. Dr. Alexander Götz.