Three Hills Capital Partners Invests in Dutch Borealis Hotel Group

Main Photo: The Novotel Amsterdam Schiphol Airport

Date: January 2020

Location: The Netherlands HQ, Hotels also in/and or under development Austria, Belgium, France, Germany, Scandinavia and UK.

Name: Borealis Hotel Group

No. of Keys: TBA

Seller: Founded in 1997 by Bart van de Kamp, Borealis has developed into a market leader in the Benelux hospitality sector, with a successful track record of developing hotel projects across the Netherlands and Belgium. Today, the Group operates a number of hotels alongside global leading hotel partners including Intercontinental Hotels Group, Hilton, Accor and Marriott.

Buyer: Three Hills Capital Partners, an innovative investment house providing tailored capital solutions to mid-market companies announced a growth investment from its third fund, Three Hills Capital Solutions III, in Borealis Hotel Group. THCP will acquire a minority stake in the Amsterdam based hotel development and management company.

Borealis and its management team were well known to THCP from past transactions and this opportunity to work together again was generated through the extensive THCP network. THCP will work closely alongside CEO and founder, Bart van de Kamp, co-Founder Lodewijk van der Meulen and the Group’s senior management team to help drive the business’ domestic and pan-European expansion strategy. The Group has a strong pipeline of projects in various European countries.

The hotel industry in Europe is robust, with growth underpinned by a resilient and active tourism industry as well as a stable economic outlook. There is expected to be a significant increase in tourism over the next five years, which presents a significant opportunity for the hotel and hospitality sectors. In addition, the Group is well positioned to take advantage of developing demographic trends, such as the increased travel of millennials at almost twice the frequency of older generations.

Leks de Boer and Arjan Blok from the Benelux team at THCP commented: “We are excited to work again alongside a management team we know well. Borealis Hotel Group is a leader in the Benelux hospitality scene, with guests drawn to the curated, personalised experiences its hotels provide. We are excited to partner with Bart van de Kamp and Lodewijk van der Meulen, as we support the Group to realise its significant growth potential.”

Bart van de Kamp also noted: “THCP are highly experienced investors, with significant expertise operating in both the Dutch and European markets. We are excited to be working alongside the team as we work to bring our unique hospitality experiences to even more customers across the European continent.”

THCP was advised by Horwath HTL, Graph Consulting, Vriman M&A Lawyers, Hogan Lovells and PwC.

Borealis Hotel Group was advised by ABN Amro, BarentsKrans and De Brock.

THPT Comment: Good to see that Bart van de Kamp and his solid hotel company, Borealis are to get the capital injection they require to take the group to it’s next stage…Look forward to welcoming them to the UK and other countries in Europe.

First Seen: Three Hills Capital Partners website

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