Pacha Group, operator of the iconic eponymous Ibiza super club, is set for further expansion after securing new investment, in a deal, which is thought to value the business at c£300m.
According to local reports, Trilantic Europe together with a group of co-investors that includes investors in its funds, as well as MCH Private Equity and GPF Capital, has acquired a stake in Spanish nightclub operator.
The deal will provide additional resources to finance the company’s international expansion plan.
Last October, the group announced plans to open 25 hotels and spa resorts around the world, modelled on its own brand, with London seen as a key market.
Marco Frisina, marketing director, told The Times that the company was targeting a “new young generation” in the city aged 38 to 45, who are seen to have more money than millennials and more experience.
Each hotel will include a restaurant called El Baile (Spanish for dance), a bistro named Sweet Pacha, a spa and a shop that sells accessories connected with the club in Ibiza.
The group, which currently has 2,200 staff worldwide, is investigating locations and partners and aims to open six hotels by 2020 and the rest by 2025.
Pacha began with a small club in Sitges, near Barcelona, in 1967 and opened in Ibiza in 1973.
