Siparex buys stake in HNH Hotels

Siparex intends to support the hotel group's growth, aiming to double turnover and the number of rooms in the next five years.

The Boccato family remains majority shareholder with Luca Boccato at the helm as CEO.

Equity in the deal comes from two funds – Siparaex Investimenti 2 and Midcap 2.

Company
HNH is a hotel operator with several brands under its umbrella and 10 hotels and resorts under management. It is headquartered in the Veneto region, northern Italy and was founded in 1965 by the Boccato family. Turnover for 2016 was €34m, up 15.6% from 2015. The group has roughly 340 employees.  

People
Siparex – Tomaso Barbini, Andrea Gianola (partners).

Advisers
Company – Orrick (legal).
Equity – Gianni Origoni Grippo Cappelli & Partners (legal)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Consumer
• Southern Europe
• Siparex
• Italy