Bird & Bird advises Klaus K hotel owner Rake as it joins forces with Kämp Group in Finland

16 May 2014

Our Corporate group in Finland led by Jori Taipale advised Rake Oy, the owner of a popular lifestyle and design hotel Klaus K in Helsinki, as luxury hotel chain Kämp Group  acquired Klaus K. As a result, Rake Oy becomes a significant owner of Kämp Group, which is majority owned by CapMan Funds.

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 Lofts brand this summer.

In the press release published by the parties, Kenneth Cederberg, CEO and managing director of Rake Group, commented: “For Rake Group, this is a purposeful move in our company with a history of 147 years. 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 also in an even greater position to offer attractive 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.