Month: November 2011

Finnish private equity company Intera Partners is investing in the largest privately held hotel and restaurant group in Finland, Royal Ravintolat Oy. The current owners, the Saari and Hynninen families, will remain significant minority owners after the transaction, which is being undertaken to prepare Royal Ravintolat Oy for expansion and a changing market situation in the metropolitan area. The deal is subject to approval from the Finnish Competition Authorities.

The hotel and restaurant industry in the Helsinki area is expected to grow despite the economic uncertainty of the near future. The €1.2 billion hotel and restaurant market in the metropolitan area is anticipated to expand led by the travel industry. ‘Taking advantage of growth opportunities requires companies to be able to make fast decisions even in uncertain market situations. The resources provided by Intera open new opportunities in these circumstances,’ says the CEO of Royal Ravintolat Oy, Kasperi Saari.
The managing partner of Intera, Tuomas Lang, says: ‘Capital areas have unique hotel and restaurant submarkets and are the areas least affected by changes in the economic environment. The service sector is constantly gaining importance in Helsinki, and with its capable personnel and long-term strategic management, Royal Ravintolat has developed into an industry leader for the region.’

New hotels and restaurants to complement the existing brand portfolio
Royal Ravintolat is best known for Hotel Haven, in the Small Luxury Hotels chain; the recently opened Hotel Fabian; first-class meeting and event services; and, in total, 27 restaurants – iconic Helsinki favourites as well as new hotspots. Intera is committed to developing the business around the classic brands and the different cornerstones of the group’s operations.
A key goal for Royal Ravintolat Oy over the next few years is to open several new hotels and restaurants. Managing several types of growth projects simultaneously requires commitment and versatile resources from the owners.

For additional information:
Kasperi Saari, CEO of Royal Ravintolat Oy, tel. +358 50 567 7557, e-mail: kasperi.saari@royalravintolat.com
Tuomas Lang, Managing Partner of Intera Partners Oy, tel. +358 40 545 1240, e-mail: tuomas.lang@interapartners.fi

Royal Ravintolat is the largest privately owned restaurant corporation in Finland. It includes the parent company, Royal Ravintolat Oy, as well as Oy Union Hotels Ab, which is wholly owned by Royal Ravintolat Oy. Individual locations include Hotel Haven and Hotel Fabian and a total of 27 restaurants in 21 different locations. These restaurants employ over 500 people in Helsinki. The turnover target for 2011 is about 67 million euros. The group’s restaurants include Bar All In, Elite, Fabian, the Fennia salon, Fills Kitchen, the Finlandia restaurant, G.W. Sundmans, Havis, Kanava Bar, Katajanokan Kasino, Kellarikrouvi, Kulosaaren Casino, Macu, Nuevo, Pub Fidel, Pörssitalo, Ravintola Katsomo, Ravintola NJK, Ravintola Nokka, Ravintola Savoy, Ravintola Sipuli, Ravintola Teatteri, Salutorget, Strindberg, Sundmans Krog, Töölönranta, and the restaurant Wanha Satama.

 
 Delete Group Oy acquires ISS Teollisuuspalvelut Oy from ISS Palvelut Oy, the Finnish subsidiary of ISS A/S. ISS Teollisuuspalvelut provides industrial cleaning services for corporate clients and employs 120 professionals.

ISS Teollisuuspalvelut (“ISS TP”) will be renamed as Delete Puhdistuspalvelut Oy. The company’s employees and CEO Harri Salmi will continue in their current roles. Following the transaction, Delete will provide industrial cleaning and other environmental services to clients of ISS Palvelut through a partnership agreement.

ISS TP will become a part of Delete Group’s cleaning service business. Delete’s other areas of business include heavy demolition, waste processing and special demolition services.

“We highly appreciate the experience and expertise of ISS TP’s employees, and wish them a warm welcome to the Delete team. Skillful employees ensure top-quality service for our clients also going forward”, Delete’s CEO Jussi Niemelä says.

“ISS TP is a highly respected company in its field, and its operations are based on certified quality control, safety and environmental management systems. Solid occupational safety culture is an integral part of the company’s operations. As part of Delete’s industrial cleaning service business, the company also has substantial potential for additional growth. Being part of a larger entity will further improve the company’s service capabilities”, Mr. Niemelä adds.

“The partnership agreement with Delete Group will allow us to offer a wider range of environmental services to our current industrial clients and prospective clients”, ISS Service’s CEO Kari Virta says. ISS’s core business includes staff-based support services, such as cleaning and office services, building and property maintenance services and catering and security services for corporate and public clients.

“Acquisition of ISS TP transforms Delete Group into a leading nationwide provider of industrial cleaning services and supports Delete’s long-term growth strategy”, comments Janne Näränen of Intera Partners, the largest shareholder of Delete Group.

Following the acquisition, Delete will employ approximately 600 professionals. The group’s pro forma turnover will reach approximately EUR 70 million in 2011.

For more information:
Kari Virta, ISS Palvelut Oy, CEO, tel. +358 40 751 1853, kari.virta@iss.fi
Jussi Niemelä, Delete Group Oy, CEO, tel. +358 400 462 696, jussi.niemela@delete.fi

ISS Teollisuuspalvelut Oy

Established in 1983, ISS Teollisuuspalvelut Oy is an independent subsidiary of ISS Palvelut. ISS Palvelut acquired the company in 2001. The company employs 120 professionals in Pori, Rauma, Raahe, Kajaani, Kemi, Anjalankoski, Porvoo and Siilinjärvi.

ISS Palvelut Oy

ISS Palvelut Oy is Finland’s third largest private employer and the country’s leading provider of facility and business services. ISS serves both corporate and public sector clients. In 2010, the company’s turnover was EUR 516 million and it employs approximately 12,000 people. ISS Palvelut Oy (http://www.iss.fi) is a part of the international ISS Group (http://www.issworld.com), which operates in more than 50 countries.

Delete Group Oy

Delete Group (http://www.delete.fi) is a rapidly growing Finnish company, which provides industrial cleaning, heavy demolition, waste processing and special demolition services for corporate and public sector clients. The group employs approximately 600 environmental service professionals. The pro forma turnover for the group companies will reach approximately EUR 70 million in 2011. Delete Group is jointly owned by Finnish equity investor, Intera Partners (https://interapartners.com), the executives of the acquired companies and the key personnel.