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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Finland for meetings, events and incentives 2/2015

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New Espoo Metro Areena for events

The events arena located in the Tapiola Sports Park (Urheilupuisto) has been renamed Espoo Metro Areena.

The Mayor of Espoo Jukka Mäkelä explains that the new name communicates the opportunities that the metro brings to the area.

“The metro will connect the Sports Park to Tapiola so that it will become part of the area’s development and its wide range of commercial services and cultural activities. It will also connect the Sports Park to the business hub in Keilaniemi and the scientific community in Otaniemi. The trip from Tapiola to the Sports Park station, Urheilupuisto, will only take a minute,” he says.

“The aim is to use Espoo Metro Areena for a variety of events and boost the use of the venue as part of the long-term development of the Sports Park. The metro will open up new opportunities to develop the Sports Park area as well as areas surrounding the other new metro stations.”

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