Pacha Group's clubs and hotels purchased by Dubai's FIVE Holdings for €320M
The acquisition by FIVE Holdings is a strategic investment in a flourishing brand
Dubai-based real estate development and hospitality group FIVE Holdings has recently procured a €320 million share in Pacha Group, as revealed by Diario De Ibiza.
The deal was brokered between Kabir Mulchandani, FIVE Holdings CEO, and the current owners of the nightlife giant, Trilantic Capital Partners. The division of Pacha Group will be equally shared by both firms, with FIVE Holdings overseeing the operation of the hotels and nightclubs. This includes renowned Ibiza venues like Pacha and Destino, alongside other locations in Barcelona, Munich and Mykonos.
Meanwhile, Trilantic retains control over the upscale club brand, Lío, celebrated for its exquisite cabaret performances and fine dining offerings. As per Diario De Ibiza, plans are in motion to expand Lío to Miami, Las Vegas and Dubai, where it will be part of the Five Luxe Hotel, a property owned by FIVE Holdings. At present, Lío has venues in London, Ibiza, Mallorca, Mykonos and London.
The acquisition by FIVE Holdings is a strategic investment in a flourishing brand and a testament to FIVE Holdings' visionary approach to expanding its footprint in the global hospitality and entertainment sector. Pacha Group, under its parent company Universo Pachá SA, has been a trailblazer in the industry, with 2022 marking a year of remarkable success. Universo Pachá SA's innovative strategies and unique offerings have not only elevated the brand's global standing but also significantly boosted its financial performance. The acquisition by FIVE Holdings is set to leverage Pacha Group's successful trajectory, promising exciting developments in the global entertainment landscape.
