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.