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2014-05-15

CapMan Oyj: Kämp Group and Hotel Klaus K join forces, creating the undisputed leader in the Helsinki luxury and lifestyle hotel market

CapMan Press Release 15 May 2014 at 12.03 p.m. EEST

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.

Futher information:

Ari Tolppanen: Senior Partner, CapMan Buyout, tel. +358 50 0407343

Kenneth Cederberg: Managing Director, Rake Group, tel. +358 40 750 2959

Aarne Hallama: CEO, Kämp Group, +358 50 645 88

Marc Skvorc: General Manager, Klaus K, +358 40 900 3711

CapMan

www.capman.com

CapMan Buyout is the largest mid-market private equity team in the Nordic
region, with 20 investment professionals in Finland, Norway and Sweden and 24
years of experience. The team has made a total of 77 investments and 56 exits
and its tenth fund CapMan Buyout X is currently in active investment phase.

CapMan Buyout is part of CapMan Group, a leading private equity firm in the
Nordic countries and Russia, with assets under management of EUR 3.1 billion.
CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia,
CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which
has its own dedicated investment team and funds. Altogether, CapMan employs
around 100 professionals in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.

Kämp Group www.kampgroup.fi, www.hotelkamp.fi, www.hotelglo.fi,

www.kampspa.fi

, www.klauskhotel.com

Kämp Group Ltd is a Finnish hotel group, which includes a number of the most
renowned hotels and restaurants in Helsinki and Kämp Spa. The Group employs
around 400 people and its target turnover for 2014 is around EUR 55 million.
The Group's internationally most famous hotel is in 1887 grounded legendary
Hotel Kämp and the Group also includes luxury and lifestyle hotel Klaus K and
popular lifestyle hotel chain GLO Hotels. Kämp Group is owned by funds
managed by CapMan, Berling Capital Oy and Rake Group.

Klaus K www.klauskhotel.com

Klaus K is a personal contemporary hotel inspired by Finland's national epic,
it's nature and drama. Klaus K is Finland's first and only member of Design
Hotels (trademark). The atmosphere is created by the exceptional service
culture and the multiple spaces which combine into one unique experience: The
restaurant Toscanini, The Living Room lounge, the intimate Ahjo Club, Rake
Sali Ballroom and Stages Meeting Space. The unconventional guest rooms equal
139 for the moment but in summer 2014, Klaus K will expand with 30 SKY LOFTS
including a roof top terrace. Klaus K is part of three global hotel
alliances: the Luxury Collection, Design Hotels as well as Global Hotel
Alliance.

Rake

www.rake.fi

Rake Oy, established in 1867, is the parent company of Rake Group. The Group
consists of Rake Real Estate Oy, owner-developer of prestigious real estate
properties in the center of Helsinki and Labnet Oy, a company specialized in
importing and distributing products and equipment to laboratories and to life
science industry. Rake Oy is also an owner of Kämp Group Ltd.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CapMan Oyj via Globenewswire

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