Home goods chains Kwantum and Leen Bakker bought by German investment firm

Orlando Capital V, an investment firm, intends to take over home goods chains Kwantum and Leen Bakker. Homefashion Group, the parent company, says an agreement has been signed. The deal is expected to close in March, pending approval from the Netherlands Authority for Consumers and Markets (ACM).

Orlando, headquartered in Germany, is acquiring the company from Dutch investment firm Gilde Equity Management, which has owned Homefashion Group since 2015. The parent company has not revealed the financial details of the deal.

The company behind Leen Bakker and Kwantum faced the threat of collapse last year, according to its latest annual report. Homefashion Group posted losses of almost 36 million euros in 2023 and nearly 32 million euros in 2024.

The Belgian branch of Leen Bakker went bankrupt at the end of last year, following the earlier sale of several stores. Homefashion Group says that with Orlando as the new owner, financing is now secured to sustain operations both now and in the long term.

Following the takeover, both chains will continue operating as separate brands, “retaining their individual identity, strategy, and customer focus,” Homefashion Group said.

All Homefashion Group employees will transfer to the new owner. Leen Bakker operates 92 stores in the Netherlands with over 2,500 staff, while Kwantum runs 110 stores with more than 1,700 employees, according to the companies’ websites.

Homefashion Group added that the takeover represents “a key milestone for Kwantum and Leen Bakker and lays a strong foundation for their future growth.”