The move sees REKOM UK take over 42 of Deltic's bars and clubs located across the UK saving around 1,300 jobs.
Current Deltic CEO Peter Marks will continue as CEO of the new UK organisation.
REKOM Group is the largest nightlife group in the Nordics and operates more than 130 bars and clubs in Denmark, Finland, and Norway. It has been backed by the Danish private equity firm CATACAP since 2018.
“We have been looking at the UK market for the past few years as part of our ambition to become one of the largest pan European night life groups. When the opportunity came to take over a strong and well-run group like Deltic, it was a question of finding the right set-up to make it happen,” says REKOM Group CEO Adam Falbert.
“We see a huge potential in the UK market for late night bars and clubs and are certain that the industry will bounce back as soon as COVID-19 restrictions are lifted.”
Marks says the deal will save the UK’s largest nightclub business, which had been hit hard by the Coronavirus pandemic, with venues unable to reopen.
“We were – through no fault of our own – put in a situation where I was watching our business fall apart,” he says.
“It was having huge personal consequences for our many fantastic employees whom we have had to let go.
“With REKOM we get an owner that knows the industry, who will reopen most of the venues we have had to close down and are ready to invest in developing our position in the UK. So, with that in mind it was an easy choice to say yes to become part of the future of REKOM.”