Buyout (LBO, MBO, MBI) • Leisure

Florac Acquires SANI

On December 1, 2015, family office Florac acquired leisure company SANI

Acquisition Context

This is Florac’s 1st transaction in the Leisure sector.
This is Florac’s 1st transaction in Greece.

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M&A Deal Summary
Date	December 1, 2015
Target	SANI
Sector	Leisure
Buyer(s)	Florac
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

SANI

Halkidiki, Greece

SANI is a family-owned ecological reserve stretching across 1,000 acres, with endless golden beaches enchantingly framed by the crystal clear waters of the Aegean and the magnificent pine forests of the Kassandra peninsula. SANI was founded in 1968 and is based in Halkidiki, Greece.

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Buyer Overview 1

Buyer

Florac

Investor Investor

Category	Family Office
Founded	2009
Size	Small
Type	Sector Agnostic

DESCRIPTION

Florac is a family office focused on a variety of investments and acquisitions across the US and Western Europe (France, Belgium, Italy and Switzerland). Florac looks to commit €20 to €100 million per transaction to support a variety of transaction situations, including growth capital financings, recapitalizations, and buyouts. Florac does not have sector preferences and generally pursues indefinite investment time horizons. Florac was established in 2009 and is headquartered in Paris, France.

Deal Context for Buyer	#
Overall	5 of 24
Sector: Leisure	1 of 2
Type: Buyout (LBO, MBO, MBI)	3 of 4
Country: Greece	1 of 1
Year: 2015	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-09-01	St Mamet Nimes, France St Mamet is focused on processing and distributing fruits. St Mamet was founded in 1953 and is based in Nimes, France.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-09-01

St Mamet

Nimes, France

St Mamet is focused on processing and distributing fruits. St Mamet was founded in 1953 and is based in Nimes, France.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-02-01	Pitch Promotion SA Paris, France Pitch Promotion SA is a real estate company. Pitch Promotion also offers property management and administration services. Pitch Promotion SA was founded in 1999 and is based in Paris, France.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2016-02-01

Pitch Promotion SA

Paris, France

Pitch Promotion SA is a real estate company. Pitch Promotion also offers property management and administration services. Pitch Promotion SA was founded in 1999 and is based in Paris, France.

Sell

Explore Related M&A Activity

Leisure M&A - Buyout (LBO, MBO, MBI) M&A Deals - Greece M&A - 2015 M&A