CapMan Hotels II Emerges as Nordic Leader with Midstar Fastigheter AB Acquisition
Deal News | Apr 01, 2025 | Capman Growth
CapMan Hotels II (CMH II) has significantly bolstered its position in the Nordic hotel market by acquiring Midstar Fastigheter AB. This acquisition, which includes 28 hotel assets spread across Sweden, Denmark, and Norway, establishes CMH II as a leading private entity in Nordic hotel investments. Following the transaction closing on March 31, 2025, the assets will be managed by CapMan Real Estate. This move diversifies and expands CMH II's portfolio, aligning with its long-term strategy of investing in high-quality assets in key markets. With the new acquisition, CMH II's Nordic presence is particularly strong in metropolitan and prime regional locations. The portfolio features long-term inflation-linked lease agreements, primarily operated by prominent hotel groups Scandic Hotels Group AB and Strawberry. CapMan plans to enhance the asset value through active management and sustainability-focused initiatives, contributing towards its aim of reaching EUR 10 billion in assets under management. The acquisition received regulatory approval from the Swedish Competition Authority and aligns with CapMan's strategic plan of asset growth.
Sectors
- Real Estate
- Hospitality
- Private Equity
Geography
- Nordic Region – The acquisition involves hotel assets located across the Nordic countries, specifically Sweden, Denmark, and Norway.
- Sweden – Part of the acquired assets is located in Sweden, and the Swedish Competition Authority provided regulatory approval for the acquisition.
- Denmark – Denmark is a part of the countries where the acquired hotel properties are located.
- Norway – Norwegian locations are included in the hotel portfolio acquired by CapMan.
Industry
- Real Estate – The acquisition of Midstar Fastigheter AB's hotel portfolio is a significant real estate transaction, involving the transfer of property assets across multiple countries in the Nordic region.
- Hospitality – The article discusses the hotel market, involving the acquisition of hotel properties operated by notable hotel groups such as Scandic Hotels Group AB and Strawberry.
- Private Equity – CapMan, a private equity firm, is leading the acquisition through its fund CapMan Hotels II, highlighting its strategic investment in the private sector's hospitality market.
Financials
- EUR 0.4 billion – The acquisition is expected to contribute EUR 0.4 billion to CapMan Group's assets under management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CapMan Hotels II (CMH II) | Bidding Company | Company | CapMan Hotels II, a fund managed by CapMan Real Estate, acquiring Midstar Fastigheter AB's hotel portfolio. |
| Midstar Fastigheter AB | Target Company | Company | A Nordic property company focused on hotel real estate investments, sold its hotel portfolio to CapMan Hotels II. |
| CapMan Real Estate | Corporate Finance | Company | Part of CapMan that will manage the acquired hotel properties after the acquisition. |
| Scandic Hotels Group AB | Hotel Operator | Company | Swedish listed hotel operator managing some of the hotels within the acquired portfolio. |
| Strawberry | Hotel Operator | Company | Norwegian hotel operator managing some of the hotels within the acquired portfolio. |
| CapMan Plc | Parent Company | Company | Parent company of CapMan Hotels II and CapMan Real Estate, listed on Nasdaq Helsinki. |
| Swedish Competition Authority | Regulatory Authority | Government | Provided regulatory approval for the acquisition. |