Strategic collaboration of Sani/Ikos with the sovereign fund of Singapore

The international institutional investor GIC emerges as the main shareholder of the Sani/Ikos hotel group. As indicated in an announcement by the hotel group, the Sani/Ikos Group and the international institutional investor GIC are entering into a strategic partnership.

For this transaction, the value of the Group Sani/Ikos is valued at 2.3 billion euros.

In fact, the transaction is expected to be completed within the fourth quarter of 2022 and is subject to usual regulatory approvals.

Under the management of its founders, Stavros Andreadis, Andreas Andreadis and Mathieu Guillemin, who remain major shareholders, the Sani/Ikos Group has evolved from the iconic Sani Resort in Halkidiki, founded by the Andreadis family, to the fastest growing and most successful hotel group, which operates privately owned luxury resorts throughout the Mediterranean, as emphasized in a relevant announcement.

Since its inception in 2015, the Group has quadrupled its size and assets, backed by investment firms including Oaktree Capital Management LP as well as Goldman Sachs Asset Management, Moonstone, Florac and Hermes GPE, which transfer their stake to GIC, under this agreement.

The management of the Sani/Ikos Group continues to be exercised, as Managing Directors and Co-Managing Partners, Andreas Andreadis and Mathieu Guillemin, while Stavros Andreadis becomes Honorary President of the Group.

The new strategic alliance with GIC will further strengthen the required resources for the implementation of the ambitious 5-year investment plan of the Sani/Ikos Groupamounting to more than 900 million euros, which will contribute to the support of local economies and the creation of new jobs in the Mediterranean.

“We are extremely happy to welcome GIC to our Group and look forward to bringing the magic of the Sani/Ikos Group to even more visitors in the Mediterranean and beyond,” said Andreas Andreadis and Mathieu Guillemin, CEOs of the Sani/Ikos Group. Ikos. “In recent years, the Sani/Ikos Group has recorded an impressive course, with significant investments, international growth and strong financial performance. And he did it despite the pandemic crisis, thanks to the support of his shareholders, who have been excellent partners, with the strength of his management team and employees, whose dedication and talent are unparalleled. Looking ahead, we are in a position to further consolidate our leadership position in the Mediterranean, to the benefit of our shareholders, our people and the communities where we operate.”

Lee Kok Sun, Chief Investment Officer, Real Estate, of GIC, said: “We are delighted to partner with the Sani/Ikos Group, which is intensifying its efforts to strengthen its brands and expand its presence in Europe. The Group’s resorts are located in prime locations and its teams are renowned for the exceptional hospitality experiences they provide to guests. We are sure that this investment will bring significant returns and will confirm our faith in Greek and European tourism in the long term.”

Tracy Stroh, Region Head of Europe, Real Estate, of GIC, said, “Due to its strong brands, we believe that the Sani/Ikos Group is in a position to benefit from the growth of luxury tourism in the Mediterranean region of Europe. We look forward to working together with the Group’s management team to bring added value by enhancing the existing infrastructure and providing high quality hospitality to the region.”

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