Saneca Pharmaceuticals a.s. and Slovenský rastový kapitálový have sold Saneca Trade s.r.o. to SARANTIS GROUP
February 2018 — 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.
Our role in the transaction
Oaklins' team in Slovakia acted as the sole financial advisor to the sellers in this transaction.
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