CapMan Hotels II Fund, a fund managed by CapMan Oyj (HLSE:CAPMAN), signed an agreement to acquire Midstar Fastigheter Ab from Midstar Hotels AB (publ) on February 18, 2025. The acquired portfolio comprises 28 hotel properties. The geographic distribution includes 16 hotels in Sweden, eight in Norway, and four in Denmark. The hotels are located in Copenhagen, Stockholm, Gothenburg, and Oslo in addition to regional hotels in prime locations.

The transaction is subject to customary regulatory approval from the Swedish Competition Authority and the transaction will close shortly after such approval has been granted.

SEB Corporate Finance, Skandinaviska Enskilda Banken AB acted as financial advisor for CapMan Oyj. Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor for CapMan Oyj. Robin Stenlund, Marcus Carlsson, Petter Rødseth and Erik Myklebust of CBRE acted as commercial advisor for CapMan Oyj. Håvard R. Skogvoll and Sigrid K. Gjertsen Ertzaas of Advokatfirmaet CLP acted as legal advisor for CapMan Oyj. JLL's Capital Markets Sweden team in collaboration with JLL's Hotel EMEA team and Akershus Eiendom advised Midstar Hotels AB (publ) in the transaction.

CapMan Hotels II Fund, a fund managed by CapMan Oyj (HLSE:CAPMAN), completed the acquisition of Midstar Fastigheter Ab from Midstar Hotels AB (publ) on March 31, 2025. The transaction has received approval from the Swedish Competition Authority.