Nordic Capital Said to Explore Sale of Bakery Chain Ole & Steen

Nordic Capital is exploring a sale of Danish bakery chain Ole & Steen, which could fetch several hundred million euros, people with knowledge of the matter said.

The Stockholm-based buyout firm has invited banks to pitch for advisory roles on the potential divestment, said the people, who asked not to be identified as the information is private.

Deliberations are at an early stage and Nordic Capital may choose to keep the asset for longer, the people said. A representative for Nordic Capital declined to comment.

Ole & Steen was founded by bakers Ole Kristoffersen and Steen Skallebæk. Nordic Capital ...