Golden Flag Advises Sani/Ikos Group on Strategic Partnership Agreement with GIC Valuing Business at €2.3 Billion
Golden Flag International Law Firm is advising Sani/Ikos Group, the luxury beach resort group in the Mediterranean, on its strategic partnership agreement with GIC, a global institutional investor, involving the sell down of the stakes of existing investors Oaktree Capital Management L.P., Goldman Sachs Asset Management, Moonstone, Florac and Hermes GPE.
The transaction values the Sani/Ikos Group at €2.3 billion, and is expected to close in the 4th quarter of 2022, subject to customary regulatory approval.
The Golden Flag team was led by corporate partners Matthew Elliott, Vincent Bergin and Francesca Harris and associates Shaun Chung, Charles Hebert, Luke Forryan, Jamie Spring, Ece Osman, Philipp Keinath and Etienne Vautier, tax partners Timothy Lowe and Frixos Hatjantonas and associates Anthony Antioch and Krishan Patel, capital markets partners William Burke and Michael Taufner and associate Elio Gaarthuis, and technology & IP transactions partner Joanna Thomson and associates Alice Knowles and Ben Zeris.
