Graphite sells investment in Corbin & King to Minor Hotels

Graphite

Graphite Capital, the leading mid-market private equity specialist, has Today sold its investment in Corbin & King, the leading London-based restaurant group. The sale forms part of a wider transaction in which Minor Hotels, one of the largest hospitality and leisure groups in the Asia -Pacific region, took a majority interest in the group. Minor is best known as the operator of Anantara hotels. In 2012 Graphite provided development finance to fund the company’s expansion. At the time Corbin & King operated two restaurants: the Wolseley which had been open since 2003 and the recently opened Delaunay. Both have continued to grow strongly.

Subsequently Corbin & King opened four more restaurants: Colbert, Brasserie Zédel, Fischer’s and Bellanger. The expansion has been highly successful and the new restaurants have won numerous industry awards. Revenues of the restaurant group have more than trebled and are now more than £45 million.

In 2014, Corbin & King opened The Beaumont, a luxury hotel in Mayfair, to widespread critical acclaim. The Beaumont is regularly rated in the top five hotels in London by TripAdvisor and won the AA’s ‘Hotel of the Year in London’ award in 2016.

Revenues have grown steadily since the opening and the hotel now makes an important contribution to group profits. Employee numbers have increased by over 150per cent since Graphite invested and Corbin & King now employs nearly 900 staff. Graphite senior partner Andy Gray said:

“Chris Corbin and Jeremy King have built a reputation as London’s most successful restaurateurs over the past 35 years. We are pleased to have played an important part in the development of such an iconic business and are delighted that it has shown consistent growth during our investment period. The company is highly profitable and we believe it has found an excellent partner in Minor Hotels.”

Senior partner Andy Gray and partner Omar Kayat managed the transaction for Graphite.

 

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AURELIUS subsidiary GHOTEL continues to expand

Aurelius

  • Three new hotel openings signed in Bochum and Düsseldorf
  • GHOTEL group positioned as an approved franchisee
  • Additional hotel projects in planning

Munich – November 17, 2017 – The hotel operator GHOTEL hotel & living (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), continues to pursue its successful expansion strategy. After entering into or extending an average of one new lease agreement per year over the past few years, the Bonn-based company has now accelerated the pace of its growth. The signing for the last of three new locations took place last week. Going forward GHOTEL hotel & living will also be represented with a new hotel with 162 rooms in Bochum and two new hotels totaling 390 rooms in Düsseldorf.

The GHOTEL hotel & living group will operate the two new hotels at the Düsseldorf airport for the first time as a tenant and franchisee of leading Europe-wide hotel group Accor. A Novotel with 210 rooms and an ibis hotel with 180 rooms are slated to open there in 2020. With this move, GHOTEL has positioned itself for the first time as an approved franchisee in the hotel industry. Volkmar Paff, COO of AccorHotels Central Europe, says: “As a modern office and service district with a campus atmosphere, the Quartier (n) in Düsseldorf is an extremely attractive location. We will be represented there with our brands ibis and Novotel starting in 2020. We are very pleased with the collaboration with our new franchise partner GHOTEL hotel & living – an experienced and respected hotel operator.”

GHOTEL has been a wholly owned subsidiary of AURELIUS since 2006. Since 2010, the GHOTEL hotel & living Group has opened three new attractive locations in Koblenz, Würzburg, and Essen under the umbrella of AURELIUS.

The group is currently in advanced discussions concerning other hotel projects to be operated under the GHOTEL hotel & living brand and also as franchises.

 

About GHOTEL hotel & living

GHOTEL hotel & living is a rapidly expanding hotel and apartment building chain with mostly 3-star properties in various German cities. The business hotels with modern conference rooms are marketed under the GHOTEL hotel & living brand. They can be found in Kiel, Hannover, Koblenz, Munich, Würzburg, and in Essen. GHOTEL hotel & living also operates apartment buildings in Bonn and Munich with a focus on serviced apartments under the GHOTEL living brand. The head office of GHOTEL GmbH is in Bonn. The Company has belonged to the AURELIUS Group since December 2006. The managing directors of GHOTEL GmbH are Wolfgang Zurner and Jens Lehmann.

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Sale of shares in Actic Group AB to nine high quality investors including Athanase Industrial Partner

ik-investment-partners

Actic International S.à.r.l. (a holding company owned by the IK 2007 Fund) has entered into an agreement to sell 6,647,078 shares in Actic Group AB (publ) (“Actic”) to nine high quality Swedish investors, including Athanase Industrial Partner (“Athanase”).

Athanase, Cornerstone investor in the listing of Actic, will through the transaction increase its holding in Actic from approximately 7.9% to 15.4% of the total number of shares outstanding.

After the sale, the IK 2007 Fund, advised by IK Investment Partners, no longer owns any shares in Actic.

SEB acted as Sole Bookrunner in the transaction.

For further questions, please contact:

IK Investment Partners
Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 110 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

 

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KKR, Dunas Capital and Alua Hotels & Resorts Partner to Acquire 4 Hotels in the Balearic

  • KKR and Dunas Capital signed an agreement to acquire the Intertur hotels
  • The portfolio of 1,119 rooms in Mallorca and Ibiza will be managed by Alua Hotels and Resorts (“Alua”) and marketed under the Alua brand from 2018 onwards
  • The investment underlines KKR’s strong interest in leisure hotels in Southern Europe

LONDON– KKR, a leading global investment firm, the asset manager Dunas Capital and the hotel group Alua Hotels & Resorts today announced an agreement to acquire and manage the Intertur Hotels group.

Intertur Hotels is a prominent hotel group in the Balearic, with two assets in Mallorca (Palma Nova area), and two in Ibiza (Santa Eulàlia and San Antonio). The KKR-led venture aims at repositioning and modernizing the assets through a significant investment program. Alua will manage the hotels once the agreement is closed, and will market them under its brand starting 2018.

KKR and Dunas Capital’s real estate expertise, combined with Alua’s hospitality know-how, will be key to unlocking value in the portfolio. Guillaume Cassou, head of European Real Estate at KKR, commented “This portfolio of quality assets in strong locations offers a very solid basis to create value in a market benefiting from strong tailwinds. We are convinced that, together with our quality partners, we will be able to create value for our investors. This acquisition represents an exciting first step in KKR’s partnership with Dunas Capital and Alua, and all groups are looking forward to doing more together.

Andreu Nubiola, Managing Director at Dunas Capital Real Estate, said: “We are delighted to share our expertise in the Spanish market with KKR and Alua. We believe that the Spanish tourism sector currently has great potential and we are convinced that the combination of the capabilities of the three groups will yield very positive results.

Javier Aguila, CEO and co-founder of Alua Hotels & Resorts, also expressed his satisfaction: “We are excited to add assets with such quality and potential, and to kick-off this strategic collaboration with KKR and Dunas Capital. The transaction is a key milestone for our group, bringing rooms under management to over 3,200 in less than two years, thanks to the great job of our teams on the ground and the continued support of our shareholder, Alchemy Partners.”

KKR and Dunas Capital have been advised by Freshfields, Deloitte, Bird & Bird and Deerns. Intertur Hotels has Bufete Buades as advisor.

About KKR

KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Dunas Capital

Dunas Capital is an independent platform of financial services and a leader in the Iberian market. The group offers investment solutions through a portfolio of products covering fixed income, variable income, real estate and alternative assets, among others. Its team of professionals has extensive experience in financial markets (20 years on average), in industries such as banking, insurance and asset management. The firm is licensed by the Bank of Portugal, Portugal’s CMVM and Spain’s CNMV to carry out its activity in Spain.

About Alua Hotels & Resorts

Alua Hotels & Resorts is a hotel group created in 2015 by a group of executives with experience in the industry and by the European private equity and special situations investor Alchemy Partners, which has invested over €4 billion since its inception. Alua Hotels & Resorts aims to become a leader in the upper mid-market, and has a portfolio of fifteen hotels and about 3,200 rooms in the Balearic and Canary Islands. The group plans to expand by incorporating hotels and resorts of 3, 4 and 5 stars that offer vacations and leisure experiences in the main tourist destinations of Iberia.

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GBL pursues its portfolio diversification with the acquisition of 15.0% of Parques Reunidos in Spain

Groupe Bruxelles Lambert («GBL») announces that it has reached an agreement with Arle Capital Partners
(«Arle») to acquire, through a wholly-owned subsidiary, a 15.0% interest in the capital of Parques
Reunidos Servicios Centrales, S.A.
(«Parques»), representing an investment of EUR 208 million for GBL.
Parques is a leading global operator of leisure parks across Europe, North America and Asia.
Listed on the Madrid stock exchange, Parques generated EUR 584 million of revenues in 2016.
.
Welcoming this investment, GBL’s co-CEOs Ian Gallienne and Gérard Lamarche stated: “We are pleased to become a significant shareholder of Parques. The company’s long-term growth potential fits well with our Incubator strategy and its geographical exposure will complement our existing portfolio as Parques is GBL’s first Incubator investment in Spain.”
The transaction isexpected to settle around April 20th and is not subject to any regulatory or other third
party approvals. The acquisition will be financed using part of GBL’s existing cash.
***
GBL is a holding company which has been listed since 1956 and whose shares a
re admitted to trading on the regulated market of Euronext Brussels. GBL’s primary objective is to create value for its shareholders. GBL aims at building a portfolio of investments focusing on a small number of industrial and services companies that are leaders in their markets, in which it can play its role as a long-term professional shareholder.
The portfolio is intended to evolve over time as companies mature and market opportunities arise.
GBL invests and divests according to its objectives of value creation while maintaining a solid financial structure.

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Investment in Skioo Holding

Investinor

Investinor invests  2.5 million Euro in skitech startup Skioo Holding, which has Norwegian alpine ski champion Aksel Lund Svindal as one of its key shareholders.

Skioo offers an innovative ski pass app that lets skiers access a maximum of ski resorts with the same ski pass. No need to stand in line or book in advance, the skiers are automatically charged based on their use. The pay-per-use system connects skiers with ski resorts, as Skioo also collects valuable market data and enables significant cost savings for the skiing industry.

Skioos vision is to digitize the skiing market. There are currently 110 million active skiers in the world. They annually spend more than 5 billion Euro on ski passes, and another 15 billion Euro on related services such as purchase and rental of equipment, travel, food and drink etc.

Skioos solutions enables significant cost savings for skiing resorts , and generate valuable guest insights and market communication tools.

Alpine ski champion Aksel Lund Svindal has been an active owner in Skioo since 2015.

Says Aksel Lund Svindal:

“Skioo is a future-oriented solution that makes it easier for the customers to get out on the slopes. Along with the ski resorts we will also generate valuable customer insights and communicate in a better way. “

Says Bent Grøver, Investment Principal at Investinor:

Ski resorts are not only competing with each other, but even Sony Playstation and weekend city breaks. Skioo provides the tools that the resorts need to get more people out skiing more often. I look forward to working with Skioo team and our competent fellow shareholders.”

Skioo was founded in Switzerland in 2012 by the Gregory Barbezat and Yngve Tvedt (CEO of Norselab). The technology was initially developed and introduced in Switzerland, and the company now moves its headquartes to Oslo, Norway, as it rolls out its platform in other countries such as France, Austria, Italy and Norway.

In the recent financing round, Skioo raised a total of 5 million Euro from Investinor and the family office Canica. Post money the largest shareholders will be Canica, Investinor, Norselab, Gregory Barbezat, Gunnar Hvammen and Aksel Lund Svindal.

About Canica
Canica is one of the largest privately owned investment companies in Norway, and was founded by Stein Erik Hagen in 1985. The company has large holdings in companies such as Orkla, Jernia and Komplett, and a large real estate portfolio.

About Norselab
Norselab builds technology companies together with talented entrepreneurs. The company is established by Yngve Tvedt and Christian Lundvang, and has Aksel Lund Svindal as oneof its shareholders. Since its inception in 2012, the company has contributed to the development of more robust technology companies in Norway and internationally, where Skioo is one of these. Norselab is headquartered in Oslo, with operations in London, Washington D.C. and Palo Alto.

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