Our transactions team assisted Sani/Ikos on strategic agreement with GIC
- 04/10/2022
- News
Our transactions team successfully assisted Sani/Ikos Group, the leading luxury beach resort group in the Mediterranean, on the Belgian aspects of its strategic agreement with GIC, a global institutional investor.
The transaction values the Sani/Ikos Group at EUR 2.3 billion, and is expected to close later this year, subject to customary regulatory approval.
The new partnership with GIC will further strengthen the resources available to Sani/Ikos Group to deliver on its five-year investment plan of over EUR 900 million, contributing to the support of local economies and the creation of new jobs in the Mediterranean. The official press release by GIC can be found here. The VBB team was led by corporate M&A partner Michel Bonne and associate Vincent Reijns.
