
Investment date:
1/12/2015
-
1/2/2018
State:
Exited
Strategy:
Florac Partners Europe
Country: United States
Greece
Sani/Ikos is a hotel group that owns and operates luxury resorts in the Mediterranean that operate under the Sani Resort and Ikos Resorts brands. The Group operates more than 3,500 rooms and suites in 12 unique complexes in Greece, Spain and Portugal.
In December 2015, Florac invested in the Sani/Ikos group alongside the two founders and other financial investors (Oaktree, Goldman Sachs) in order to bring the Sani and Ikos brands together and accelerate development in the Mediterranean region through organic and external growth. Since then, the Sani/Ikos group has become the first hotel group specializing in luxury seaside resorts in the Mediterranean.
Florac sold its stake in September 2022 as part of the takeover of the Sani/Ikos group by the Singaporean sovereign wealth fund GIC.
https://www.saniikos.com/