The competition authority has approved Nordic Choice Hotels’ acquisition of Kämp Collection Hotels from funds managed by CapMan Buyout and other owners. The acquisition, announced in August, was finalised on 9 October. The new owner aims at significantly increasing the hotel supply in Helsinki.
CapMan Buyout X fund invested in Kämp Collection Hotels in 2014. The transaction is the fifth exit from the 2013 fund, which has developed well overall. CapMan Buyout is the largest mid-market private equity team in the Nordic region, with 11 investment professionals in Finland and Sweden and 30 years of industry experience.
CapMan Buyout has made a total of more than 80 investments and more than 70 exits since 1989 and it is actively looking for suitable investments for its eleventh fund, which held a first close at €160 million in June 2019.