CapMan picks up majority stake in Finnish luxury hotel chain Kamp Group
CapMan Buyout invested an undisclosed amount in Finish luxury and lifestyle hotel chain Kamp Group, according to MarketWatch.
Funds controlled by CapMan have agreed to purchase a majority interest in Helsinki-based firm Kamp Group, which is known for the five-star establishment Hotel Kamp and modern lifestyle hotel group GLO Hotels. The deal aims to expand the operation of Kamp Group and reinforce its position as the top luxury hotel chain in the country, the report explained.
Built in 1887, Hotel Kamp is internationally renowned and is a significant landmark in Helsinki. GLO Hotels, on the other hand, is the sole lifestyle hotel chain in Finland. Aside from hotels, Kamp Group also owns four restaurants and the Kamp Spa. The company has around 400 employees, the report detailed.
CapMan Buyout Investment Director Sebastian Schauman said of the deal: "Travel and leisure are our focus areas. The strong market fundamentals combined with Kamp 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."