Trilantic Capital Partners acquire Pacha for €350 million
Pacha Group’s sale has been finalized, with venture capital firm Trilantic Capital Partners paying €350 million for control over the brand. The group is known as an esteemed pillar of the Ibiza nightlife industry, known for owning Pacha, Destino, and Lio on the island itself, as well as various additional club and hotel ventures across the world. News of the sale initially emerged in 2016, under an original asking price of €500 million.
Trilantic Capital Partners is a swiftly rising international firm whose primary business takes place in Spain and Italy. Included in their purchase are all of Pacha’s global businesses, which will assist Trilantic in building an even larger presence in other countries such as Australia and Germany. Details have yet to emerge on how business will change for the iconic nightclub group, save for their new owners advising that they’d be increasing staff on all Pacha-owned Ibiza destinations.
H/T: Resident Advisor