GIC reaches €2.3b deal to acquire Sani/Ikos Group
GIC has entered into a strategic partnership agreement to acquire luxury beach resort group Sani/Ikos (SIG) in a €2.3 billion ($2.3 billion) deal.
GIC will become the leading shareholder alongside SIG’s management team.
Other investors in the group include Oaktree Capital, Goldman Sachs Asset Management, Moonstone, Florac and Hermes GPE. All will be selling stakes to GIC as part of this transaction.
Andreas Andreadis and Mathieu Guillemin will continue to manage SIG as CEOs and co-managing partners, while Stavros Andreadis will become honorary chairman of the group.