An affiliate of the Finnish real estate investment manager Sirius Capital Partners (“Sirius”) has made an investment in Finland by acquiring grocery stores for a total investment volume of € 25 million.
“Finnish grocery stores is a segment where we have been active before and one that we think is very interesting at the moment”, says Patrick Gylling, CEO of Sirius Capital Partners.
In connection with the investment, Sirius has also entered into a strategic partnership with San Francisco-based Accord Group Holdings LLC (“Accord”). Accord’s European affiliate will provide Sirius with co-investment capital and has acquired a minority stake in the firm. Accord Capital Partners LLC also acts as a strategic advisor to Sirius.
“Less than a year ago, we launched a new line of business – partnering with investment managers that have demonstrated the ability to enhance value to their investments. In Sirius, we have found a company that fulfills all of our requirements”, says Jeff Sobczynski, Managing Partner at Accord. He continues: “We are very excited about growing our partnership with Sirius”.