Orlando Capital to acquire Kwantum and Leen Bakker

The investment company Orlando Capital V intends to acquire the home furnishing chains Kwantum and Leen Bakker, which are primarily active in the Netherlands and Belgium. The previous parent company, Homefashion Group (HFG), announced that an agreement has been reached regarding the sale of both chains, with the closing expected in March, subject to approval by the Netherlands Authority for Consumers and Markets (ACM). With Orlando Capital as the new owner, HFG believes the necessary funding for the continued operation of the retail brands is secured for the long term. The investor is already known in the industry through its stake in the Argona Group, which includes home textile specialists such as Bolan, Lomotex, and Dyckhoff. Orlando is acquiring the companies from the investment firm Gilde Equity Management; the parties have agreed not to disclose the purchase price.

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