TDR Capital to acquire NKD from OpCapita

OpCapita Consumer Opportunities Fund LP, under OpCapita LLP has announced the sale of its portfolio company NKD to funds advised by TDR Capital, according to a statement on the company’s website. Headquartered in Bindlach, Germany, NKD is a discount clothing retailer and operates a chain of 1,800 small-format stores across Germany, Austria, Croatia, Italy and Slovenia. Over the past three years, NKD has witnessed an average 7.5 percent increase in sales per year.