London-based investment firm Tristan Capital Partners is set to acquire budget hotel brand easyHotel in a deal reportedly worth some €200 million.
As part of the transaction, the UK fund will acquire 100 per cent of shares in easyHotel “for a new clean ownership”.
The budget hotel chain, part of the easyGroup, was floated on the London Stock Exchange in 2014 and, since 2019, has been majority owned by equity funds ICAMAP and Ivanhoé Cambridge, who took the company private in 2020.
EasyGroup chairman and founder Stelios Haji-Ioannou, who currently owns 17.4 per cent of the hotel company, welcomed the move.
“As is normal with the cycle of private equity funds, the time has come for them to sell their shares to a new owner,” he…
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