Away Resorts to further expand its footprint by acquiring Coppergreen Leisure Resorts

CVC Capital Partners

Leading UK holiday park operator Away Resorts today announced that it has reached an agreement to acquire Coppergreen Leisure Resorts (“Coppergreen”). This follows the acquisition of Aria Resorts announced in August 2021, and expands Away Resorts’ footprint to 27 locations across the UK.

Coppergreen has 370 lodges across four parks in Yorkshire, Scotland, Lincolnshire and Nottinghamshire. Growth capital investor BGF exits as part of the deal, having backed Coppergreen in 2016. The acquisition will greatly complement Away Resorts’ existing portfolio, increasing its presence in the North of England and in Scotland, and growing the number of visitors the group welcomes every year to over 750,000.

Coppergreen is renowned for its quality accommodation and bespoke customer service, offering countryside retreats in attractive settings. It has been a front runner of sustainable and eco-friendly facilities having made significant investments in its estate to develop its parks to the highest specification and quality.

This acquisition follows a milestone year for Away Resorts, with the company welcoming guests in record numbers and receiving investment from CVC Capital Partners Fund VIII. Away Resorts continues to have a healthy pipeline of opportunities to further grow the estate, while continuing to invest in developing its offering.

Carl Castledine, CEO of Away Resorts, commented: “We are delighted to be welcoming Coppergreen to the Away Resorts family to support our ambition of forming the leading UK holiday park provider. Coppergreen’s prime locations and leadership in sustainability will further enhance our offer as we look to provide perfect holiday destinations for UK holiday makers.”

David Copley, CEO at Coppergreen Leisure Resorts, commented: “Away Resorts has a reputation for driving innovation across the industry and is the ideal owner for the business. We look forward to seeing what the team goes on to achieve in its next successful chapter.”

Categories: News


Restore Hyper Wellness Secures $140 Million Investment led by General Atlantic to Accelerate Growth and Innovation

General Atlantic

With rapid growth in customers and locations, Restore is focused on its mission to make Hyper Wellness® accessible and affordable so people can do more of what they love to do

Restore Hyper Wellness (Restore), a leading provider of proactive wellness solutions, today announced a $140 million investment led by General Atlantic, a leading global growth equity firm. Piper Sandler & Co. served as the exclusive advisor to Restore. Restore plans to leverage the investment to help accelerate its rapid growth and deliver innovative technology to further propel the promise of Hyper Wellness®, a category pioneered by Restore.

Founded in 2015, Restore is designing an integrated wellness experience and creating proprietary protocols to improve consumers’ near and long-term health. Restore delivers expert guidance and the most extensive array of cutting-edge wellness modalities integrated under one roof. Restore’s most popular modalities include:

  • IV Drip Therapy. A modality that infuses a liter of saline with essential vitamins, nutrients, minerals and amino acids. Restore’s medical team provides guidance to customize an IV drip and help achieve health goals, whether they be boosting energy and focus or recharging the body’s defenses.
  • Whole Body Cryotherapy. A cold therapy that immerses the body in temperatures as low as -166oF for up to 3 minutes. This modality may help to optimize sleep, relieve pain and swelling, decrease stress, boost mood and energy and help heal injuries.

Restore is the largest retail provider of IV drips in the U.S. and has designed one of the best whole body cryotherapy experiences in the world through its proprietary cryotherapy chambers, available only at Restore locations.

“We believe everyone should have access to proactive health modalities that help them feel their best, so they can do more of what they love,” said Jim Donnelly, Co-Founder and CEO of Restore. “We’re defining a new healthcare experience that we describe as effective, social and transparent. Our prevention-first model (vs. the traditional sick care model) is still new to many consumers and communities. For this reason, it was important to find an investment partner that has experience helping build new categories. We are excited to partner with General Atlantic because of their strong track record of investing in category-creating brands.”

“Jim and Steve are visionary founders who have created a new comprehensive model that seamlessly integrates proactive wellness and preventative medicine,” said Shaw Joseph, Managing Director at General Atlantic. “We look forward to leveraging our experience supporting innovative, high-growth businesses as we partner with the Restore team to scale their services to populations of all kinds, from chronic pain sufferers to elite athletes.”

“The average American lifespan is 79 years, while the average American healthspan—the years we live in general good health and disease free—is only 63 years,” said Steve Welch, Restore’s Co-Founder. “That means that the last 16 years of the average American’s life is increasingly debilitated, unable to do the things they love. Through Restore’s Hyper Wellness model, customers can feel better every time they visit. Long-term, we hope to prove we can help extend our clients’ healthspans, allowing them to continue to live life to the fullest while simultaneously reducing the healthcare costs of the system.”

Restore’s footprint includes 115 predominantly franchised locations in 34 states. In 2021 alone, Restore is poised to deliver over 1.5 million services. The Restore system now employs over 2,400 people nationwide. In 2022, Restore aims to open a new store every four days, on average. Restore serves a wide range of demographics across gender, age and socioeconomic backgrounds.

In 2021, the company’s system-wide sales have grown by 158%, which follows similar year-over-year growth from 2020.

“We believe that Restore is very well positioned to capture a meaningful share of the high-growth, fragmented and underserved wellness market,” said Lexie Bartlett, Principal on General Atlantic’s Consumer team. “As consumers take a more proactive approach to managing their health and wellness, the Restore team has developed an integrated, multi-modality offering to provide new treatment solutions that can meet their diverse needs.”

Jim Donnelly continued, “The democratization of wellness is long overdue. Better outcomes and options should not be reserved solely for the affluent. We take great pride in making Restore accessible to every walk of life. In return, our avid customers have become great brand ambassadors and are providing the gift of better wellness when they bring their friends and family to Restore.”

​About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $86 billion in assets under management inclusive of all products as of September 30, 2021, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website:

About Restore Hyper Wellness

Launched in Austin, Texas in 2015, Restore Hyper Wellness (Restore) is the award-winning creator of an innovative new category of care—Hyper Wellness®. Restore delivers expert guidance and an extensive array of cutting-edge wellness modalities integrated under one roof. These modalities include biomarker assessments, IV drip therapy, intramuscular (IM) shots, mild hyperbaric oxygen therapy, whole body and localized cryotherapy, infrared sauna, red light therapy, compression, assisted stretching, HydraFacial and Cryoskin. Restore’s mission is to make Hyper Wellness accessible and affordable so people can do more of what they love to do.

Media Contacts

Mary Armstrong & Emily Japlon
General Atlantic

Categories: News


Booking Holdings enters into agreement with CVC Capital Partners to acquire Etraveli Group

CVC Capital Partners

Acquisition will complement Booking Holdings’ ongoing work to build a frictionless global flights offering

Booking Holdings Inc. today announced that it has entered into an agreement with funds managed by CVC Capital Partners (“CVC”) to acquire global flight booking provider, Etraveli Group, for approximately €1.63 billion. Completion of the acquisition is subject to certain closing conditions, including regulatory approval.

Already a partner of – helping power its existing flight product – the acquisition of Etraveli Group will complement Booking Holdings’ ongoing work to build a frictionless global flights offering to deliver on the company’s overall mission to make it easier for everyone to experience the world.

“As international air travel rebounds from the impact of the pandemic, we look forward to building upon our existing relationship with Etraveli Group to make the travel booking experience easier and more seamless to support our partners and customers,” said Booking Holdings’ Chief Executive Officer, Glenn Fogel.

“Booking Holdings pioneered the travel space more than two decades ago and they continue to pave the path forward by developing solutions to create seamless travel experiences,” said Mathias Hedlund, Etraveli Group’s Chief Executive Officer. “We have had a fantastic time together with our current owner CVC, establishing Etraveli Group as a global provider of attractive flight options at affordable prices. Today is a day of recognition, as well as marking a new phase in our relentless urge to improve further. We are thrilled to become a part of Booking Holdings, and we look forward to the next chapter of our own development as we continue to enhance the flight booking experience for our customers and partners worldwide.”

“Mathias and his team have built a world-leading platform for selling flights. Joining the Booking Holdings family is a logical step in Etraveli’s journey. We wish them all the very best and bon voyage!” said Lorne Somerville, Chairman of Etraveli Group and a Managing Partner of CVC.

Etraveli Group will remain headquartered in Sweden and operate as an independent business under Booking Holdings, led by their current management team.

Categories: News


Fletcher Hotels embarks on next growth phase with new owner Egeria


Nieuwegein, April 22, 2021 – The shareholders of Fletcher Hotels have agreed to sell a majority stake to the Amsterdam-based investment company Egeria. NIBC and Xead are selling their shares and the Fletcher management will remain as shareholders. Egeria’s hands-on involvement and experience of international expansion will enable Fletcher Hotels to enter a new growth phase, building on a healthy and stable foundation.

Rob Hermans, CEO of Fletcher Hotels, said: “We’re grateful to NIBC and Xead for their financial support over the past years, which helped Fletcher to grow into the largest hotel chain in the Netherlands. Fletcher is a healthy business with enormous growth ambitions. Last year was a particularly difficult year for Fletcher Hotels, but with the end of the coronavirus restrictions in sight we’re seeing occupancy rise again and we’re confident that we have a very good summer ahead of us. With Egeria we’ll have an entrepeneurial shareholder on our side who will help us to continue fulfilling our growth ambitions. Even last year Fletcher achieved growth, adding a further four hotels. Together with Egeria I’m looking forward to making our business even larger, healthier and more successful.”

Mark Wetzels, Partner of Egeria, said: “We’re particularly impressed by the business built by the Fletcher team and we have the utmost confidence in the future. We’re therefore delighted to be able to contribute to the next phase of Fletcher Hotels as a new shareholder. The hotel chain is a well-managed business that has achieved controlled growth in recent years, with an estate now comprising more than a hundred hotels. We’re impressed by the entrepreneurial sprit in the hotels and among the staff, who have always been on hand to assist guests despite these immensely tough times. With our knowledge, expertise and network we aim to contribute to the hotel chain’s further professionalisation and growth ambitions jointly with the Fletcher team.”

Brigitte van der Maarel, NIBC Investment Partners, said: “We’re proud to have supported Fletcher’s growth as a minority shareholder. We’re delighted that the company will remain in Dutch hands and can continue to fulfil its growth ambitions.”

Fletcher Hotels aims to grow to more than 150 hotels in the Netherlands in the years ahead and also has international expansion ambitions. Since its inception the chain has operated a large number of hotels on the Dutch coast and in countryside areas, welcoming tourists from the Netherlands and abroad. With their restaurants the Fletcher hotels also fulfil a regional function in many cases. The transaction is subject to approval by ACM. The works council has already issued a positive advice.

About Fletcher Hotels
A long-standing Dutch company, Fletcher Hotels is the largest hotel chain in the Netherlands, with 103 hotels. The properties are all unique and situated in the most attractive locations in the Netherlands. Fletcher’s hotels are located particularly in forests, on the coast and near nature reserves or amusement parks. As well as accommodation, the hotels provide various facilities such as fully-equipped wellness resorts, football pitches, bowling alleys and tennis courts and a range of modern restaurant concepts including De Kromme Dissel, which was awarded a Michelin star in 2021 for the 50th year in succession.

About Egeria
Established in 1997, Egeria is an independent Dutch investment company focused on medium-sized enterprises. Egeria invests in healthy businesses with an enterprise value of between EUR 50 million and EUR 350 million. Egeria believes in building businesses jointly with enterprising management teams (Boldly Building Together). Egeria Private Equity Funds has interests in 11 companies in the Netherlands and Germany, while Egeria Evergreen has investments in 6 companies. Egeria’s portfolio companies generate combined revenues of more than EUR 2 billion and employ almost 10,000 people. Other activities include Egeria Real Estate Investments, Egeria Real Estate Development and Egeria Listed Investments. In 2018 Egeria launched Egeria Do, a corporate giving programme that supports projects in the world of art, culture and society, but also within its investee companies.

About Xead Group
Xead Group is a Luxembourg-based investor specialising in hotels and travel technology. Xead Group provides medium-term growth capital through shareholdings and co-investments.

About NIBC Investment Partners
NIBC Investment Partners is part of NIBC Bank and demonstrates the enterprising character of NIBC Bank by acquiring minority shareholdings in medium-sized companies, real-estate developments and infrastructure projects. NIBC Investment Partners works closely with the management and shareholders on the basis of a long-term partnership to help fulfil their growth ambitions. As a genuine partner the team can play an active role in creating value and tackling strategic and financial challenges. The 14-strong team of professionals operates from The Hague and has direct minority interests in 19 Dutch companies.

Categories: News


CapMan Special Situations -fund acquires HopLop Group


CapMan press release 5 March 2021 at 3.30 p.m. EET

CapMan Special Situations -fund acquires HopLop Group

The first investment of the CapMan Special Situations fund is HopLop, Finland’s largest chain of adventure parks.

CapMan Special Situations fund has acquired 100% of the equity and debt capital of HopLop Group. The transaction enables a critical restructuring of the balance sheet, secures the continuation of the business through the Covid-19 pandemic, and accelerates future growth.

HopLop is the first investment of CapMan’s newly established Special Situations fund that pursues event-driven investment situations by providing flexible capital solutions and strong operational expertise.

HopLop operates a chain of adventure parks and playgrounds for children. The company is a market leader in Finland and has taken first steps to expand internationally. Prior to the outbreak of the Covid-19 pandemic, the business developed well. The company has taken many actions during 2020 to increase efficiency and adapt to the changing situation. With the support of CapMan, the business is well-positioned to focus on its core business and foster new growth.

“HopLop is the first investment for our fund and an important milestone for the execution of the strategy that we launched last summer. The now completed transaction enables the restructuring of HopLop’s balance sheet, the continuation of the business and securing future growth. HopLop’s internationalisation expansion will continue,” says Jari Vikiö, Partner at CapMan Special Situations.

“On behalf of the company, I am pleased with this excellent solution to the company’s challenging situation. CapMan Special Situations enables us to beat the Covid-19 crisis, further develop the company and drive new growth. With the support of CapMan’s experienced team, HopLop’s management is very committed to develop the business further following this transaction,” says Kalle Peltola, who will remain as CEO of HopLop.

CapMan Special Situations invests in event-driven opportunities across economic cycles and industry sectors. At the core of the investment area are demanding corporate restructurings and operational transformations. CapMan Special Situations is a responsible investor, and its mission is to contribute to societal wellbeing by ensuring that viable companies can successfully steer through demanding situations and once again thrive. Antti Uusitalo, Tuomas Rinne and Jari Vikiö serve as Partners of the investment area.

For additional information, please contact:
Jari Vikiö, Partner, CapMan Special Situations, tel. +358 40 505 0733

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With close to €4 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at

Categories: News


Our £7m investment into multi-award winning villa brand, The Thinking Traveller


We are excited to have invested £7m into The Thinking Traveller, the world’s most thoughtful villa brand, backing founders and joint-CEOs Huw and Rossella Beaugié and their team in the next stage of growth. They will be joined as Executive Chairman by Ian Simkins, former CEO of Audley Travel, who helped to grow it into a £250m global business.

Founded in 2002 by Huw and Rossella Beaugié, The Thinking Traveller began with seven villas in Sicily. Today it has 220 highly curated properties priced at £3-£50k per week, all 100% exclusively available to rent through The Thinking Traveller. This includes some of the most sought-after villas in the Mediterranean, such as the 16th Century former fortress Forte San Giorgio on the island of Capraia and the aristocratic hilltop Rocca delle Tre Contrade in Eastern Sicily.

Sales grew to £20m in 2019 with more than half of clients from outside the UK and especially popular with US travellers. The business currently covers seven destinations: Sicily, Puglia, The Greek Ionian and Sporades islands, Corsica, and the Minor Italian islands. Most recently The Thinking Traveller announced its expansion to Mallorca with a range of stunning and exclusive villas on the Balearic island.

Popular with multi-generational families, couples and groups of friends, the brand is renowned for its award-winning personal service and the expertise of its in-destination local managers. They provide clients with a 24-hour concierge service and a range of curated experiences to help make their holidays truly memorable, booking guided cultural tours and excursions, in-villa culinary experiences and chefs, yacht charters and yoga teachers.

Having spent the last two years getting to know each other, we have been impressed by their obsession of seeing everything through the lens of their clients and villa owners. It is an obsession that we share wholeheartedly! Impressively, the company’s customer satisfaction NPS is 87, validated by the business being voted Condé Nast Traveller readers’ Best Villa Rental Company for the last five years running.

The team also impressed us with their understanding of the needs of their villa owners, many of whom had been with them exclusively for over ten years and half of whom had never rented out their villa with anyone else. Above all else, owners chose to partner with The Thinking Traveller because they were proud to be associated with a brand that attracts the highest calibre of clients.

Piper’s minority investment will see Huw and Rossella continue to run The Thinking Traveller, remaining joint CEOs and majority shareholders. Our investment will help the business curate a broader selection of exclusive villas in new destinations around the Mediterranean through strategic acquisitions and partnerships as well as marketing the brand further in its core markets including the UK, Europe the US and Australia, and scale the team to ensure clients and owners continue to experience excellent service and support.

The Thinking Traveller has a great opportunity to exploit a hugely fragmented property rental market, made up of a longtail of small destination-specific operators alongside bigger marketplace aggregators, to grow a highly-curated pan-European villa brand. Although the travel industry has been badly hit by Covid, the research we did with their clients showed that they are as eager as ever to travel with them. The Thinking Traveller’s combination of home comforts and five-star services are exactly what clients will look for as we emerge from the pandemic.

If you want to escape this miserable lockdown, we would highly recommend clicking here and browsing their beautiful website. Enjoy!


Categories: News


Successful closing of Dufry’s rights issue sees Advent become a minority investor

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Advent International

LONDON, October 22, 2020 – Dufry AG (SIX: DUFN) (“Dufry”) announces that it has successfully concluded the rights offering. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with the pricing mechanism publicly communicated on October 6, 2020. All 24,696,516 offered shares were sold in the offering, resulting in expected gross proceeds of CHF 820 million.

Before the launch of the offering, Dufry had secured equity investment commitments to purchase new shares not taken up by existing shareholders from funds managed by Advent International Corporation or its affiliates (“Advent International”) and a wholly owned subsidiary of Alibaba Group (the “Commitment Shares”). As the number of Commitment Shares exceeds the number of offered shares which were not subscribed for by existing shareholders, the offer price was set in line with the terms of the offering at the price at which the Commitment Investors placed binding orders in the international offering, being CHF 33.22 per new share. No new shares will be sold to the market in the international offering.

10,612,024 new shares were subscribed by existing shareholders as part of the rights offering, 9,178,033 new shares have been allocated to Advent International and 4,906,459 new shares have been allocated to Alibaba Group, corresponding to the maximum possible total of 24,696,516 new shares sold in the offering.

Immediately following the closing of the offering, Advent International will own a stake of 11.4% in Dufry and Alibaba Group of 6.1%. Advent International and Alibaba Group have agreed to a lock-up period of six months following the first day of trading of the new shares.

The new shares are expected to be listed and eligible for trading on SIX Swiss Exchange as of October 22, 2020. The settlement and delivery of the new shares against payment of the subscription price is expected to occur on October 22, 2020.

Based on the offer price of CHF 33.22 per new share, Dufry expects gross proceeds of CHF 820 million. After the capital increase, the share capital of Dufry increases by CHF 123,482,580 from CHF 277,835,830 to CHF 401,318,410, divided into 80,263,682 registered shares with a nominal value of CHF 5.00 each.

Concurrently with the rights offering, Dufry and Alibaba Group have agreed a term sheet under which Alibaba Group shall invest CHF 69.5 million in Dufry via mandatory convertible notes. For this purpose, Dufry shall issue 3-year mandatory convertible notes with a 4.1% coupon per annum to Alibaba Group, convertible into approximately 2.1 million ordinary shares of Dufry at CHF 33.22 per Dufry share.

Pursuant to the terms and conditions of the Dufry Senior Convertible Bonds due 2023, as a result of the Rights Offering, as described in the Offering Circular dated October 6, 2020, in accordance with condition 6.1(c), it is determined that no adjustment to the conversion price shall be made.

For further information please click here.

Media contacts


Jobst Honig
Tel: +49 (30) 59 00 46 9-13

Jacqueline Niemeyer
Tel: +49 (69) 92 18 74-71

Graeme Wilson or Harry Cameron
Tel: +44 (0)20 7353 4200

United States
Kerry Golds or Andrew Johnson
Tel: +1 646 805 2000

Renzo Radice – Global Head Corporate Communications & Public Affairs
Tel: +41 61 266 44 19

Categories: News


KKR to Acquire Roompot Group from PAI Partners


LONDON–(BUSINESS WIRE)–Jun. 18, 2020– KKR, a leading global investment firm, today announces an agreement to acquire Roompot Group, a provider of holiday parks in Western Europe and #1 operator in the Netherlands, from leading European private equity firm PAI Partners. The transaction is subject to customary closing conditions, having already received positive works council advice. Financial terms are not disclosed.

Founded in 1965 in the region of Zeeland (the Netherlands), Roompot has progressively developed to become a leading holiday parks operator in Europe. The business directly owns and operates 33 parks in the Netherlands, Germany and Belgium, and works exclusively with more than 100 third-party park operators to support their booking and distribution efforts and provide development, design and refurbishment services.

Under PAI’s ownership, Roompot has invested significantly in upgrading and expanding its accommodations and opening new parks, developed a strong digital marketing and distribution platform, increased real estate ownership and grown revenue and EBITDA at double digit growth rates. The company now welcomes three million guests and 13 million overnight stays each year, generating revenues of almost EUR 400 million. PAI’s ownership of Roompot continued its strong track record of supporting the growth of consumer companies worldwide, including in the leisure sector with B&B Hotels most recently, and in the Netherlands where it is currently invested in Wessanen, a leading European healthy and sustainable foods company, and Refresco, a leading international bottler of beverages.

KKR will continue to support Roompot’s current management team with its further development into a leading pan-European operator, driven by supportive structural trends around domestic tourism. The investment continues KKR’s track record in the Netherlands with major recent investments including Upfield (formerly Unilever’s Spreads business), Exact Software (a leading provider of accounting software to SMBs) and Q-Park (a pan-European parking services provider).

Jurgen van Cutsem, CEO of Roompot Group, said: “As we change to new ownership we would like to thank PAI, who have been a hugely supportive partner to our team since 2016, and welcome KKR for the next phase. Our focus, as always, will be providing a great service for our leisure customers and third-party providers. We continue to see growing demand from our guests and from our corporate partners due to the leading platform we have put in place, providing a solid foundation to scale the business, also on an international level.”

Daan Knottenbelt, Partner and Head of the Benelux region at KKR, said: “Roompot is already a leading player in the region with a best-in-class management team and a strong recent track record. We see significant further growth potential based on a very strong development pipeline, continued expansion of Roompot’s owned assets and new corporate partnerships. KKR is investing in Roompot through our Core Investments strategy, which is our pool of capital for longer-term investments, and we look forward to working with Jurgen and his team over the coming years.” Joerg Metzner, Director at KKR, added that “We have been looking for a platform to invest behind in the fragmented European holiday parks market for some time. Our support for Roompot and its management team fits perfectly with our broader investment theme in the leisure space.”

Gaëlle d’Engremont, Partner and Head of Food & Consumer at PAI Partners, said: “PAI has accompanied Roompot through an exciting transformation journey since 2016. Roompot has significantly reinforced its offer and its leadership in the Dutch holiday park sector over the past four years under the leadership of Jurgen. We are delighted that KKR will support the strong ambitions of the team to continue this successful trajectory.”

KKR is making its investment through its Core Investments strategy, which represents capital targeting longer-term opportunities. Recent European investments through this strategy include the acquisition of Exact Software in the Netherlands in 2019.

About Roompot
Roompot is the second-largest operator and provider of holiday parks in Europe and a regional market leader in the Netherlands, with a strong and expanding position on the coastal regions. More than 2100 employees are motivated to let 3 million guests enjoy a well-earned vacation each year, representing 13 million overnight stays in Roompot’s 17,000 holiday accommodations. In total Roompot has more than 150 holiday parks in Denmark, the Netherlands, Germany, Belgium, France and Spain in its portfolio, from premium resorts to comfortable parks and pleasing campsites.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at and on Twitter @KKR_Co.

About PAI Partners
PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. It manages €13.6 billion of dedicated buyout funds and, since 1994, has completed 74 transactions in 11 countries, representing over €50 billion in transaction value. PAI Partners is characterised by its industrial approach to ownership combined with its sector-based organisation. It provides the companies it owns with the financial and strategic support required to pursue their development and enhance strategic value creation.

Media Contacts
KKR: international
Alastair Elwen / Alice Neave
+44 (0) 20 7251 3801 or

KKR: Netherlands
Corina Holla
Meines Holla & Partners
+31 (0)70 362 25 52 or

PAI Partners
Head of Communications: Matthieu Roussellier
+44 20 7297 4674
Greenbrook Communications: James Madsen / Fanni Bodri
+44 20 7952 2000

PR & Corporate Communications: Baptiste van Outryve
+31 6 30 94 78 24

Source: KKR

Categories: News


Alt Hotels concludes a $50-million transaction to continue its expansion


Québec, Private Equity Montréal,
The Québec chain aims to develop new hotels in the coming years
Germain Hotels announced a new $50-million round of investment in ALT Canada Investment Partnership L.P. The round will enable the company to pursue its growth strategy for the Alt Hotels brand across Canada, namely by developing new hotels in the coming years.Caisse de dépôt et placement du Québec was the lead investor on the transaction, alongside a group of private and institutional investors that includes Investissement Québec, Fonds de solidarité FTQ, iA Financial Group and La Capitale. This is the third round of investment in the hotel chain and brings total investments in Alt Hotels to $210 million since 2011. This capital has paved the way for the brand’s expansion from two hotels in Québec City and Brossard in 2008 to a Canada-wide chain operating or developing 12 locations from Calgary to St. John’s.

Christiane and Jean-Yves Germain, Co-Presidents of Le Germain Hotels, said:

“We are pleased to be able to once again count on the support of our partners, some of whom have been with us since the very beginning of Germain Hotels in 1988. Building on the success of our boutique hotel concept, we are determined to pursue our growth across Canada in the years to come and continue serving clients whose expectations are increasing and are looking for unique experiences.”

Charles Émond, la Caisse’s Executive Vice-President, Québec, Private Equity and Strategic Planning, said:

“Since the creation of Alt Hotels, we have been supporting the expansion of this Québec-based leader, which is successfully navigating a rapidly changing industry where the quality of the guest experience and ability to innovate are key. This latest investment will allow the Alt brand to continue to grow and to add new hotels to the chain, whose success benefits our depositors and showcases Québec talent across Canada.”


At Alt Hotels, we march to a different beat by giving guests the best of what they want without any extra fluff. Alt Hotels are located in Calgary, Saskatoon, Winnipeg, Toronto, Ottawa, Québec City, Montréal, Brossard, Halifax and St. John’s, and soon at the Ottawa airport and University of Calgary. Alt Hotels. Stay unconventional.


Germain Hotels is a Canadian family-run business that owns and operates Le Germain Hotels, Alt and Alt+ Hotels across Canada. Ranked as one of Canada’s 50 best-managed companies, the business is known for its exceptional hospitality philosophy and the unique style that characterizes its hotels. Celebrating its 30th anniversary in 2018, the 1,500-employee company has already reached its ambitious target of 20 hotels by 2020, and now aims to become the first independent hotel company to offer travellers a truly Canada-wide chain of hotels. Visit Germain Hotels.


Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

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For more information

Categories: News


Tikehau Capital and Le Groupe de l’Hôtellerie acquire two hotels in Paris


Paris, 5June 2019– Tikehau Capital, the alternative asset management and investment group, with Le Groupe de l’Hôtellerie, the hotel management, investment and development specialist, acquire two hotels in central Paris through Tikehau Capital’s Real Estate value-added fund.

The Hotel Corona Opéra and the Hotel Touraine Opéra are both three star hotels with a combined capacity of 97 rooms. These hotelsare located in the historical 9thdistrict of Paris, close to the Paris Opera and the large department stores. Built during the 19th century, the hotels have strong potential for development while the hospitality and leisure sector in Paris is growing 1and offers many opportunities.

A third acquisition for Tikehau Capital’s Real Estate value-added fund

This operation is Tikehau Capital’s Real Estate Value-Added fund third acquisition following its partnership with Bouygues Immobilier, for the Charenton-Bercy redevelopment project in the Greater Paris area, and the acquisition of the Nicholsons Shopping Center in Maidenhead, United Kingdom.

Launched in June 2018, this pan-European value-added fund investing across all asset classes is a vehicle that offers co-investment opportunities to large institutional investors.

Tikehau Capital’s Head of Real Estate Frédéric Jariel said: “This investment is another step in the deployment of our value-added fund and confirms our interest in the hospitality sector as part of the dynamic expansion ofour Real Estate activity”. An operation carried out in collaboration with Le Groupe de l’Hôtellerie Le Groupe de l’Hôtellerie is a French based hotel management, investment and development specialist, which accompanies Tikehau Capital as a hospitality-operating partner.

Le Groupe de l’Hôtellerie’s CEO Gilles Douillard added: “We are excited to work closely with Tikehau Capital on this operation. The hospitality sector offers many opportunities for value-added development projects and we are pleased to share our expertise to support this project”.1Parisian Regional Tourism Committee: In the hotel industry, with 35.0 million guests in 2018, the number of arrivals was up by 3.6% compared to 2017

About Tikehau Capital

Tikehau Capital is an asset management and investment group with €22.4billion of assets under management and shareholders’ equity of €2.3 billion (as at 31 March 2019). The Group invests in various asset classes (private debt, real estate, private equity and liquid strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 440 staff (as at 31 March 2019) in its Paris, London, Brussels, Madrid, Milan, New York, Seoul,Singapore and Tokyo offices. Tikehau Capital is listed on the regulated market of Euronext Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)www.tikehaucapital.comPress contactsTikehau Capital: Jawad Khatib–+33 1 40 06 11 27 France -Image 7 : Grégoire Lucas & Florence Coupry –+33 1 53 70 74 70UK -Finsbury: Arnaud Salla & Charles O’Brien –+44 207 251

Shareholderand Investor Contact:

Tikehau Capital: Louis Igonet –+33 1 40 06 11


This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.

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