CapMan’s Kämp Group and Hotel Klaus K join forces

Kämp Group and Hotel Klaus K have merged. The combined entity is a luxury and lifestyle hotel chain based in the Helsinki region. Kämp Group is a CapMan portfolio company.

PRESS RELEASE

Kämp Group and Hotel Klaus K join forces, creating the undisputed leader in the Helsinki luxury and lifestyle hotel market
CapMan’s portfolio company Kämp Group, a Finnish luxury hotel group, charges forward on its growth path by acquiring the lifestyle hotel Klaus K in Helsinki. By joining forces, Kämp Group will take the luxury and lifestyle hotel scene of Helsinki to the next level. Immediately, Klaus K will grow by introducing 30 new large luxury rooms under a unique Sky Loft brand this summer. As a result of the transaction, Rake Oy, the owner of Klaus K, becomes a significant owner of Kämp Group.
In March 2014, funds managed by CapMan acquired a majority holding in Kämp Group, known for the distinguished Hotel Kämp and the modern lifestyle hotel chain GLO Hotels. The objective of the transaction was to expand Kämp Group’s operations and further strengthen its position as the leading luxury and lifestyle hotel player in Finland. Now Kämp Group takes a significant step forward in realising its strategy by acquiring Klaus K, Finland’s first real design hotel.
“Working toward the objective of strengthening Kämp Group further, we were very interested in the success of the Klaus K brand and their exceptional service culture. The acquisition of Klaus K really puts Kämp Group in the fast lane to achieve its growth objective. Klaus K is a natural fit to the Kämp Group philosophy and the existing hotels,” says Ari Tolppanen, Senior Partner at CapMan Buyout and the Chairman of Kämp Group.
“For Rake Group, this is a purposeful move in our company with 147-year history. We are proud to integrate our family tradition and passion for hospitality with the resources of CapMan to create a leading Nordic luxury and lifestyle hotel company. We have an evolutionary approach to hotel business: Ten years ago, we brought the lifestyle hotel genre to Helsinki, and now we are redefining the concept of a luxury hotel room with our Sky Lofts brand. I believe that as a part of a larger group, we are in an even greater position to offer career development opportunities to our exceptional service team,” says Kenneth Cederberg, CEO and managing director of Rake Group.
Kämp Group is the clear market leader in the luxury and lifestyle hotel segment of Helsinki with a total of nearly 1,000 rooms. “This is a substantial step forward. We do this for the benefit of our guests, our personnel and eventually for the benefit of the city of Helsinki,” comments Aarne Hallama, the CEO of Kämp Group. “We will add new, marvelous features in the hotel landscape of Helsinki. One example of this is the new Klaus K Sky Lofts which will be available in July 2014. The Sky Lofts will include a spectacular top floor suite and a roof top terrace, offering the best rooms in Helsinki.”
Mia Cederberg-Skvorc, current Director of Operations at Klaus K, will be promoted to lead Klaus K. Marc Skvorc, General Manager of Klaus K, is appointed General Manager of Hotel Kämp and will lead the introduction of the new Sky Loft brand.
“Hotel Kämp is well known for its excellent service and beautiful, historic property. I am very honored and excited to have this opportunity to lead this exceptional hotel and to elevate the Helsinki luxury and lifestyle hotel market as part of the Kämp Group,” adds Marc Skvorc, the newly appointed General Manager of Hotel Kämp.