Wistrand advises Stureplansgruppen on investment from Cinder Invest

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.

Wistrand´s team has consisted of Per Dalemo, partner, and Sara Fager Hultqvist.

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:
https://www.di.se/nyheter/stureplansgruppens-vd-om-krisen-varit-helt-chanslosa/