Saneca Pharmaceuticals a.s. and Slovenský rastový kapitálový have sold Saneca Trade s.r.o. to SARANTIS GROUP
Saneca Pharmaceuticals a.s. and Slovenský rastový kapitálový fond, a. s. have sold Saneca Trade s.r.o. to SARANTIS GROUP for US$10.4 million.
Saneca Trade is the distributor and intellectual property owner of Indulona, an award-winning cosmetics brand with 70 years of successful presence in the Czech/Slovak market. It is the most popular selling product within the hand care category in both Czechia and Slovakia.
SARANTIS GROUP is a leading consumer product companies founded in Constantinople in 1930. In 1956, the group’s headquarters moved to Athens, Greece. The company offers a wide range of products, including fragrances and cosmetics, personal care and healthcare as well as everyday household products. SARANTIS GROUP has operating subsidiaries in nine European countries and maintains a powerful international presence and a distribution network that exports to more than 35 countries.
Saneca Pharma is a leading contract development and manufacturing organization, and an expert in developing and manufacturing active pharmaceutical ingredients and finished dosage formats. Slovenský rastový kapitálový fond, a. s. is a private equity fund managed by WOOD&Co.
Oaklins' team in Slovakia acted as the sole financial advisor to the sellers in this transaction.
Talk to the deal team
Related deals
Perkbox has been acquired by Great Hill Partners
Molten Ventures has sold Perkbox to Great Hill Partners.
Learn moreArculus Cyber Security has been acquired by Bridewell
The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.
Learn moreGlobal IT Group has joined forces with enthus Group
Global IT Group, an IT services company, and enthus Group GmbH, an IT solution provider operating in Germany, Austria and Switzerland, have joined forces. As a result, enthus Group will significantly expand its market position in Switzerland. The sellers of Global IT have reinvested in the buyer and will ensure that local management continues to run the company as part of the succession planning.
Learn more