Clifford Chance advised Trilantic Europe, a leading European private equity firm, on the sale of the Pacha Group (excluding the Lio business line and other assets) to Dubai real estate and hospitality conglomerate FIVE Holdings, founded and chaired by entrepreneur Kabir Mulchandani.
The Pacha Group, a stalwart in the Spanish hotel and nightclub industry boasting history dating back to 1973, is a globally acclaimed lifestyle brand with a strong presence in various sectors such as music, leisure, entertainment, hospiltality, fragrance, and fashion. It includes well-known brands such as Pacha Ibiza, Destino Pacha Hotels and the El Hotel.
The transaction comprises the sale to FIVE Holdings of a range of assets that include, among others, the Pacha Ibiza Nightclub, Destino Pacha Ibiza Hotel, El Hotel Pacha, Toy Room and WooMoon Storytellers businesses, as well as the registered trademarks associated with those businesses.
Trilantic Europe has retained the experiential restaurants’ business line – operated with the Lio brand – and other businesses including the hotel Casa Pacha Formentera.
The Clifford Chance team advising Trilantic Europe was led by M&A Private Equity partner Samir Azzouzi together with senior associate Daniel García Juárez and associate Andreína Velásquez (pictured top part, from left to right) with support from associates Sofía Albiñana and María Rodrigo (pictured bottom part form lest to right).