Langham Capital advises Svenska Design Hotels on mezzanine financing
October 2011
We are pleased to announce our latest transaction. Langham Capital advised Svenska Design Hotels, a chain of luxury boutique hotels, on a INR 300 million mezzanine capital raise from DMI Finance. Langham Capital acted as the exclusive financial advisor to Svenska Design Hotels on this transaction.
Commenting on the transaction, Mr Zia Shiekh, CEO of Svenska Design Hotels said “This transaction with DMI facilitated by Langham Capital is the start of a very exciting growth phase for Svenska in India as we plan to expand our business aggressively in the coming years in the country. We are delighted to have found excellent partners in DMI and Langham Capital, with ability to design and execute innovative financing solutions to meet our unique requirements as we set out to create a whole new segment within the Indian hospitality landscape of top-end luxury hotels in small-format with a heavy component of F&B targeting both resident guests as well as locals looking for a lifestyle destination offering the best of cuisines, along with fashion, art, music and design".
Based on European design concepts combined with highly personalized Asian hospitality, Svenska is focused on developing and managing chic and trendy small-format (30-100 rooms) upscale hotels that offer luxury beyond 5-star.
Svenska currently operates two hotels in India – in Mumbai and Bangalore – with forthcoming hotels planned various in tier 1, 2 and 3 Indian cities, including New Delhi, Calcutta, Kakinada and Bhilwara. The Group also owns, manages and franchises various food & beverage concepts, including Miro (Mediterranean specialty), Soul (contemporary Indian restaurants), Mesa (multi-cuisine all-day-dining bistros, delis and lounge bars) and Sensen (al-fresco pan-Asian/ Japanese bars & grills).
Svenska has a very strong and experienced management team, with background in leading luxury hotels across both leisure and corporate segments. The Svenska team brings global best-practices to India in terms of people management, processes, systems and technology.
DMI Finance Private Limited is a leading non-bank lender in India. Started in 2008 by Shivashish Chatterjee and Yuvraja C. Singh, its Joint Managing Directors, DMI has rapidly become the non-bank lender of choice for an extensive list of corporate clients. Its footprint currently spans the NCR, Mumbai and Bangalore. DMI's management brings decades of debt capital markets experience at leading global Investment Banks to India along with an expertise in structured finance solutions that is critical to the successful culmination of transactions such as this one.
