SouthBridge Europe Mezzanine SCA SICAR announces €18m transaction in Katikies Group in co-investment with its LPs. Katikies Group is a leading small luxury hotel owner and operator with assets in Santorini and Mykonos islands in Greece.
The Group has been active in the development and operation of small luxury boutique hotels in the island of Santorini since 1995 and more recently has expanded to the island of Mykonos. Katikies Group has pioneered in the development of the luxury hotel concept and the provision of high quality hospitality services in Greece. Katikies currently operates 5 hotels (4 in Santorini and 1 in Mykonos) under the brand names “KATIKIES”, “KIRINI”, “CHROMATA” and “SUNROCKS”.
SouthBridge Europe Mezzanine (www.southbridge–partners.com) is a €65m investment fund that supports Lower-Mid market companies in Greece and the region to achieve sustainable growth and long-term value. SouthBridge is backed by prime private and institutional investors such as the EIF and EBRD. SouthBridge seeks to support proven management teams and invest in attractive investee companies to finance organic growth, expansion in new products/markets, and/or acquisition of complementary businesses that can provide an additional opportunity to improve competitiveness.