We have advised Argos Fund (Argos) on raising finance to support the acquisition of Bäckerei Kamps GmbH (Kamps), a prominent German bakery chain.
Following the acquisition of Karl Schmidt GmbH (Bäckerei Schmidt) in 2024 and further add-ons completed in 2025, the integration of Kamps will create one of the leading bakery groups in Germany, with more than 400 branches nationwide.
Kamps with its strong brand heritage and nationwide retail footprint, offers a wide range of fresh bakery products through its network of stores, combining traditional baking expertise with modern retail concepts. With a focus on quality, convenience, and customer experience, Kamps serves a broad and loyal customer base across Germany.
The German bakery market remains highly fragmented and offers significant potential for consolidation. With the new group, bringing together Kamps as a nationwide brand and Bäckerei Schmidt as a strong regional traditional bakery, Argos is pursuing a clear growth strategy based on organic growth, store expansion, and selective acquisitions. For the companies, the combination creates a stronger group to better address industry challenges and seize opportunities.
Argos is a leading European private equity firm focused on supporting mid-sized companies. Its funds provide capital to drive sustainable growth, operational improvements, and long-term value creation. Acting as an active partner, Argos supports both organic and external growth across its portfolio.
