Pacha Group SOLD

Signed and sealed! After a little speculation it’s now official that the Pacha Group has been sold to Trilantic Capital Partners, a venture capital group with interests in Spain and Italy.

The price is around 350 million euros and includes all the assets of the Group: the Pacha nightclub, El Hotel, Lío Nightclub, Destino Pachá Ibiza Resort, international and national franchises, multimedia and everything else including Pacha Sitges.

Pacha founder Ricardo Urgell confirmed in October that negotiations were ongoing whilst  lamenting about selling the company he and his family built from nothing.

The new owners have already met with the Mayors of Ibiza Town and Santa Eulalia and have plans to significantly increase the workforce on the island. 

Ibiza is gearing up for its busiest ever summer and with Pacha changing hands and also brand new club Hï Ibiza opening things are warming up nicely.

Source: Diario de Ibiza

Published by

Martin Makepeace

Englishman living and working in Ibiza since 1991. Entrepreneur with a passion for villas, boats, sunsets and San Antonio. Owner of Ibiza Property Shop.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s