NRDC Equity Partners and BB Kapital to acquire Galeria Karstadt Kaufhof.

NRDC Equity Partners, a New York-based investment firm, and BB Kapital, Bernd Beetz’s family office, agreed to acquire Galeria Karstadt Kaufhof, a department store group in Europe. Financial terms were not disclosed. “BB Kapital’s experience in supporting organizational development and managing and developing brands makes us very complementary with NRDC Equity Partners’ track record of improving retail infrastructure and systems. This will be a very strong combination for Galeria going forward,” Michèle d’Ancona, BB Kapital CEO.