11.2.2014

CapMan invests in Kämp Group – the leading luxury and lifestyle hotel chain in Finland

Funds managed by CapMan have made an agreement to acquire a majority holding in Kämp Group, a Finnish hotel chain known for the distinguished Hotel Kämp, 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 in Finland.
Hotel Kämp and GLO Hotels are market leaders in their own segments in Finland. Established in 1887, the internationally renowned Hotel Kämp 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, Kämp Group includes four restaurants and Kämp Spa. The Group employs around 400 people and its targeted turnover for 2014 is around EUR 45 million.
”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 Kämp 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 Kämp and GLO provide an excellent platform for successful operations in the future,” adds Esa Karppinen, Chairman of the Board at Berling Capital Oy.

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10.9.2014

Espoo Awards its 6th Congress Ambassador

Ari Sihvola, professor of electromagnetics from Aalto University School of Electrical Engineering is chosen as EspooAmbassador 2014.

EspooAmbassador operates as a congress ambassador of Espoo in Finland and abroad. The award was presented 28th of August 2014 during the annual EspooAmbassador event at Dipoli Congress Centre.

The decision was based in Sihvolas active work in national and international scientific organizations. Professor Sihvola has been involved in a number of program and organizing committees of international congresses, and thus have had a positive impact for the role of Espoo and Finland within the international scientific communities.

 

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10.9.2014

Koenderink Prize 2014 to University of Oulu´s computer vision scientists

The 2014 Koenderink Prize has been granted to Professor Matti Pietikäinen, Dr. Abdenour Hadid, and University of Oulu alumni, Dr. Timo Ahonen (Nokia Research Center).

The prize recognizes fundamental contributions in computer vision. It is awarded biennially at one of the most prestigious conferences in the field, the European Conference on Computer Vision, for a paper published exactly ten years ago at this venue which has withstood the test of time.

The awarded publication presents automatic face recognition with Local Binary Patterns, a methodology developed at the University of Oulu. This approach is currently regarded as one of the major milestones in face recognition research.

The conference publication and its extension to a journal article have already been cited over 3 000 times according to Google Scholar.

 

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