Roschier acts for Patricia Industries in the divestment of Grand Group and the Grand Hôtel property to FAM AB
Patricia Industries, a part of Investor AB, and its subsidiary Vectura, have agreed to divest Grand Group and the Grand Hôtel property to FAM AB for a total transaction value of SEK 3.9 billion. Roschier represents the sellers.
The transaction includes the hotel operations Grand Hôtel, Lydmar Hotel and The Sparrow Hotel, all located in Stockholm, as well as the Grand Hôtel property. The transaction is expected to be completed, subject to regulatory approval, during the second quarter 2021.
Patricia Industries is a part of the industrial holding company Investor AB. FAM AB is owned by the three largest Wallenberg Foundations and focuses its ownership on a number of strategic holdings and a selection of alternative investments.
Roschier’s advisory team comprises Malin Leffler, Lisa Hybbinette, Marcus Heden, Markus Olsson, Jeppa Persson, Elin Gustavsson, Mathilda Hoffman, Mahir Silajdzic, Kristian Hugmark, Carl Persson and Susanne Mellqvist, with the help of assistants Amanda Magnil and Tuva Eriksson.