The minority stake that Heiner Kamps has acquired in the Nordsee seafood fast-food chain isn’t his biggest catch. But it’s and important one to the entrepreneur who once owned part of the chain and has decided to return.
“The contracts were signed at the end of last week,” said Mr. Kamps who declined to discuss the price he paid.
Mr. Kamps made millions after turning a family bakery into one of Germany’s largest baked-goods chains and selling the business to the Italian Barilla Group. He has since become an investor in a range of companies and business ventures, and now sees an opportunity to make money in fish fast-food restaurants.
“There’s plenty to do at Nordsee. We’re pushing ahead with our renovation plans, and we will reap the benefits,” he said. “This is a profitable company with great potential.”
In addition to capital, Mr. Kamps aims to share his food-chain and franchise expertise.
When Mr. Kamps first invested in Nordsee in 2001, he brought Hiltrud Seggewiss, his top manager at the bakery business, with him. When she arrived, she found a chain in which one in four restaurants had not been renovated in more than a decade and a brand that had lost its luster.