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Transactions

States of Jersey’s proposed incorporation of Jersey Airport and Jersey Harbours into a single limited company, Ports of Jersey

JULY 2014

States of Jersey's proposed incorporation of Jersey Airport and Jersey Harbours into a single limited company, Ports of Jersey

International law firm Holman Fenwick Willan (HFW) has advised the States of Jersey on the proposed incorporation of Jersey Airport and Jersey Harbours into a single limited company, "Ports of Jersey", which would be wholly owned by the States of Jersey.

Legal adviser to States of Jersey:

Earlier this year, an HFW team, led by Senior Associate Matthew Gore working with Partner Alexis Kyriakoulis, prepared a report for Jersey Harbours on the draft legislation, with advice and case studies relating to port incorporation programmes and concessions.

On 29 May 2014, the States of Jersey announced a public consultation in relation to the proposal, making available public consultation documents, which reproduce in part the report prepared by HFW. The consultation, which was reported by the BBC, remains open until August 2014.

Speaking about the proposal, Senior Associate Matthew Gore said: "Incorporating a port tends to speed up the decision-making process, as it will in many cases only involve the company's internal decision-making process instead of governmental approval being necessary. In turn, this limits the bureaucracy involved in decision-making, enabling the port to meet developments and market demands more efficiently and flexibly.”

HFW has a market leading ports and terminals practice, with one of the largest teams specialising in legal matters relating to the development and operation of national and international ports and terminals. The team has worked on over 100 port projects in 45 countries worldwide. LM

This announcement appears as a matter of record only

CapMan’s Kämp buys Klaus K Hotel

Legal advisor to the management team & equity provider:

Financial advisor to the management team & equity provider:

CapMan's Kämp buys Klaus K Hotel

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.

Legal advisor to the debt provider:

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.

Legal advisor to the vendor:

“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. LM

Financial advisor to the vendor:

This announcement appears as a matter of record only

www.lawyer-monthly.com Klaus K Hotel.indd 1

03/06/2014 12:58

Klaus K Hotel

Jersey Harbour