CapMan invests in KÃ¤mp Group - the leading luxury and lifestyle hotel chain in Finland
Press Release 29 January 2014 at 08.45 a.m
CapMan invests in KÃ¤mp Group - the leading luxury and lifestyle hotel chain in
Funds managed by CapMan have made an agreement to acquire a majority holding in
KÃ¤mp Group, a Finnish hotel chain known for the distinguished Hotel KÃ¤mp,
located in the Helsinki city centre and the modern lifestyle hotel chain GLO
Hotels. The objective of the transaction is to expand the group's operations and
further strengthen its position as the leading luxury and lifestyle hotel chain
Hotel KÃ¤mp and GLO Hotels are market leaders in their own segments in Finland.
Established in 1887, the internationally renowned Hotel KÃ¤mp is today a five-
star luxury hotel with a unique market position in Finland, and an important
landmark in the Helsinki city centre. GLO Hotels in turn is the only lifestyle
hotel chain in the country, with four popular hotels located in the centre of
Helsinki, at the Helsinki Airport and in the Sello shopping centre in Espoo. In
addition to hotels, KÃ¤mp Group includes four restaurants and KÃ¤mp Spa. The Group
employs around 400 people and its targeted turnover for 2014 is around EUR 45
"The outlook for hotel business is excellent in the Helsinki metropolitan
region, as both business and leisure travel are on the rise. We plan to increase
the number of hotels and focus on international sales, high service standards
and top quality. The current owner of the KÃ¤mp Group, Berling Capital Oy - co-
owned by Esa Karppinen, his wife and three children - will remain an important
minority owner of the Group. We are happy about the opportunity to further
develop this legendary institution in Helsinki," says Ari Tolppanen, Senior
Partner at CapMan Buyout, responsible for the investment.
"We are very glad that this hotel group built with true appreciation for its
history will gain more operational scale through this transaction. Great staff
and our own strong hotel brands KÃ¤mp and GLO provide an excellent platform for
successful operations in the future," adds Esa Karppinen, Chairman of the Board
at Berling Capital Oy.
The number of overnight stays in Helsinki is expected to increase in the coming
years. Especially the number of tourists arriving from Russia and Asia has
increased steadily during the past ten years, and this growth is expected to
continue in the future thanks to increased connecting flights to Asia from the
Helsinki Airport, the fast train connection from St. Petersburg, and Helsinki's
growing role as the most important business centre in Finland. The turnover of
the hotel industry in Helsinki exceeded EUR 200 million in 2012 and the
occupancy rate of hotel rooms was 69%.
"Travel and leisure are our focus areas. The strong market fundamentals combined
with KÃ¤mp Group's leading position in the attractive luxury and upscale segment
in the Helsinki region provide us with numerous development opportunities and
avenues of growth going forward," adds Sebastian Schauman, Investment Director
at CapMan Buyout.
Ari Tolppanen, Senior Partner, CapMan Buyout, tel. +358 50 0407343
Esa Karppinen, Chairman of the Board, Berling Capital Oy, tel. +358 50 2089
KÃ¤mp Group and CapMan will host a joint press conference today, 29 January
2014, starting at 11 a.m. at Hotel KÃ¤mp (Mirror Room), Kluuvikatu 2, Helsinki.
Ari Tolppanen, Senior Partner at CapMan and Esa Karppinen, Chairman of the Board
at Berling Capital Oy will attend the conference. Coffee will be served. The
press conference will be held in Finnish. Welcome!
CapMan Buyout is the largest mid-market private equity team in the Nordic
region, with 20 investment professionals in Finland, Norway and Sweden and 24
years of experience. The team has made a total of 75 investments and 55 exits
and its tenth fund CapMan Buyout X is currently in active investment phase.
CapMan Buyout is part of CapMan Group, a leading private equity firm in the
Nordic countries and Russia, with assets under management of EUR 3.2 billion.
CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia,
CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which has
its own dedicated investment team and funds. Altogether, CapMan employs 105
people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.
KÃ¤mp Group www.kampgroup.fi, www.hotelkamp.fi, www.hotelglo.fi, www.kampspa.fi
KÃ¤mp Group Ltd is a Finnish hotel group, which includes a number of the most
renowned hotels and restaurants in Helsinki and KÃ¤mp Spa. The Group employs
around 400 people and its target turnover for 2014 is EUR 45 million. The
Group's internationally most famous hotel is in 1887 grounded legendaryÂ Hotel
KÃ¤mp and the Group also includes a popular lifestyle hotel chain GLO Hotels.
KÃ¤mp Group is part of Berling Capital Oy.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via GlobeNewswire