UK: London-based boutique resort group Firmdale has bought a 20 per cent stake within the firm to Swedish pharmaceutical entrepreneur Lennart Perlhagen in a deal reportedly price £300 million.
The transaction marks the primary time the group has introduced in an exterior investor since its founding in 1985 by husband-and-wife duo Tim and Package Kemp.
Firmdale operates eight resorts in London, together with Ham Yard Lodge, The Soho Lodge, and Charlotte Avenue Lodge, in addition to three in New York, with a fourth, Warren Avenue Lodge, opening in early 2024.
Perlhagen is the founding father of Novocure and a former government at AstraZeneca and Farmitalia SpA. He constructed Cross Pharma right into a enterprise valued at greater than £3 billion.
His connection to Firmdale reportedly comes by way of his relative Mona Perlhagen, head of Chelsea Textiles, which provides materials for the group’s resorts.
For the yr ending 31 January 2024, Firmdale Holdings reported a document £198.2 million in income, producing £17.8 million in working revenue.
Firmdale has confirmed plans for additional enlargement in London. In 2022, the group acquired an extended leasehold curiosity in three adjoining buildings in Bloomsbury, with plans to transform them right into a resort beneath its City Home assortment.
