Linklaters advises GIC on the purchase of a majority stake in the Sani/Ikos Group

Linklaters has advised GIC, global institutional investor, on its strategic partnership with the Sani/Ikos Group (SIG), under which GIC will become the leading shareholder alongside SIG’s management team. The transaction values SIG at €2.3 billion and is expected to close in the 4th quarter of 2022, subject to customary regulatory approval.

The new partnership with GIC will further strengthen the resources available to the Sani/Ikos Group to deliver on its five-year investment plan of over €900mn, contributing to the support of local economies and the creation of new jobs in the Mediterranean.

Sani/Ikos Group develops, owns and operates over 2,750 rooms and suites spread across 10 unique resorts in Greece and Spain. Since 2015, it has grown from a family-owned resort in Greece to the most successful luxury resort owner-operator in the Mediterranean.

The London-based team included corporate partner Tom Watkins with managing associate Amy Barker and associate Jessica Dougan, as well as corporate real estate partner Matthew Plaskow and tax partner Chris Smale with managing associate Alexei Franks.