Wistrand advises Stureplansgruppen on investment from Cinder Invest
Cinder Invest invests in Stureplansgruppen. Wistrand Advokatbyrå has advised Stureplansgruppen.
Stureplansgruppen has businesses in Stockholm, Gothenburg, Visby and Åre and has about 3,000 employees. In 2019, they had a turnover of SEK 1.3 billion.
Stureplansgruppen was founded in 1996 and is one of Sweden´s leading players in the hospitality industry. The business consist of hotels, events, conferences, restaurants and night clubs.
After the investment, Stureplansgruppen is owned as follows:
Baldakinen Holding 72 percent (Vimal Kovac, Petter Stordalen)
Cinder Invest 20 percent
Holmström Equities 8 percent
The newly started company Cinder Invest finances well managed companies that have been negatively affected by covid-19. Cinder Invest AB was started by AFA Försäkring, AMF, Fjärde AP-fonden, FAM / Wallenbergstiftelserna and SEB.
For more information about Cinder’s investment in Stureplansgruppen: