Scandic acquires Rica Hotels
Scandic Hotels has agreed to acquire the Norwegian hotel chain Rica Hotels. Upon completion of the acquisition, Scandic will have a nationwide presence in Norway. The transaction is subject to customary regulatory approvals.
Scandic is one of the largest hotel chains in the Nordic region with around 160 hotels operating in eight countries in Europe. The company is owned by the private equity group EQT. Rica Hotels’ portfolio comprises 65 hotels in Norway and seven in Sweden.
Scandic Hotels was advised by Mannheimer Swartling and Advokatfirmaet Wiersholm in the transaction. Mannheimer Swartling’s team was led by Adam Green and Klas Wennström, primarily assisted by Marcus Glimberg, Olle Källström, Joel Englund and Mikaela Mars. Erica Wiking Häger advised on corporate commercial issues, assisted by Karin Bergelin. Tommy Pettersson advised on competition law, assisted by Daniel Kim, Charlotte Gershagen and Henrik Andersson. Henric Diefke advised on employment law, assisted by Daniel Stålberg.