Siparex invests over 8 million euros in H. n. h. Hotels & Resorts


Thanks to the new resources, the H.N.H. Hotels & Resorts Group aims to support the growth and development of the hotel industry, with the goal of doubling turnover and number of rooms within the next five years

Milan, February 14th, 2017 - Siparex, one of France's leading independent private equity groups with offices in Italy and Spain, will invest over 8 million Euros, through its Siparex Investment 2 and Midcap 2 funds, in H.N.H. Hotels & Resorts SpA, the Veneto-based multi-branded hotel management company, founded in 1965 by the Boccato family and boasting a diverse portfolio that includes 10 Hotels, split between business and resort, located in northern Italy.

The transaction involves the addition of Siparex as a minority shareholder, with a 37% share in H.N.H. Hotels & Resorts SpA' s corporation stock, through the contribution of new resources that will be used to finance the growth and development at national level.

Luca Boccato, as a representative of the Boccato family, founder and majority shareholder, will remain at the helm of the Group as CEO and will be responsible for carrying through the growth objectives of the 2017 - 2022 business plan that forecasts the doubling of turnover, which currently stands at over 34 million Euros, and the number of managed rooms, positioning itself as a national leader in its segment.

Siparex entrusted the management and coordination of this transaction to its two Italian partners, Tomaso Barbini and Andrea Gianola, who will also be added to the Board of Directors of H.N.H. Hotels & Resorts SpA, to help advance the growth of the Group.

Luca Boccato, CEO of H.N.H. Hotels & Resorts SpA, emphasized: "The hotel industry is experiencing a profound transformation phase, which is witnessing the transition from a family-run business management, with ownership of the properties, to a more streamlined and flexible one, focused instead on the management of the facilities. With this transaction, we wanted to give the company the resources that allow for a long-term development of the Group. Our goal is to establish ourselves as one of Italy's top operators in the Hospitality industry, while maintaining a "multi-brand" model, and operating as facility managers through real estate property or business leasing and management contracts. Our group already cooperates or is in an advanced stage of negotiations with renowned international groups such as Best Western, Hilton, Marriot International and IHG".

Tomaso Barbini, partner at Siparex, commented: "We are undoubtedly pleased to have completed this transaction, which allows us to become part of a company that represents Italian excellence in one of the most important fields for the economy of our country. In addition to partaking in the financial transaction, our goal is to support the management team in achieving the objectives outlined in the development plan. The plan drawn up by CEO Luca Boccato is ambitious, but we are convinced of its feasibility on account of the extremely positive track record of HNH both in terms of growth and profitability. "

Orrick law firm acting on behalf of HNH and Gianni, Origoni, Grippo, Cappelli & Partners on behalf of Siparex carried out the transaction. Horwath HTL and Crowe Horwath provided sector-specific and accounting consulting services respectively, while CBA law firm lent support for the tax aspects.

About HNH Hotels & Resorts S.p.A

The H.n.H. Hotel group was founded in 1999 as a result of the entrepreneurial intuition and the solid hospitality management experience of Loris Boccato, who inherited a Hotel on the coast of Jesolo opened by his father in 1965. Over the years, H.n.H. underwent a steady and measured growth in the Hotel Development and Management industry, becoming, by turnover and number of rooms, one of the leading independent hospitality operators in the Triveneto region with a total of 10 properties, 6 of which cater to business travelers, with the remaining four falling into the leisure segment. A young and innovative group, in 2016 H.n.H. reported over € 34.2 million in total revenues, a 15.6% increase compared to 2015, reaching over 1,100 rooms and employing over 340 people. Excellent customer service, strive for continual innovation combined with economic efficiency and the continuous improvement of service quality are the primary mission of the HNH Group: "Welcome to our passion!"

About Siparex

This year, the Siparex group celebrates 40 years of conducting investment activities in Mid Market companies, and supporting them in their strategic development and growth. Siparex manages over € 1.5 billion, invested in over 240 companies belonging to various sectors for a total of € 7 billion in revenues, and, since its foundation, has supported the development of more than 900 businesses with a stable base of 170 investors. Siparex has local coverage extended to 6 offices in France, three in Europe (Germany, Spain and Italy) and in North Africa. The investment philosophy of Siparex has always been to assist the investee companies in all phases of their growth, whether occupying a majority or minority position, with an active role in supporting the management team and the entrepreneurs. Siparex invests in Italy through three private equity funds - Siparex Mid Cap 2, 4 and Siparex Siparex Mid Market 4 and Siparex Investment 2 - with a total asset of over € 350 million. 




Data news: 
Tuesday, 14 February, 2017