Trilantic leads consortium to buy Pacha Group

The deal saw the Trilantic-led consortium acquire the stake from the founding Urgell family. Following the transaction, the company's founder, Ricardo Urgell, will retain a shareholding in the business.

The GPs reportedly acquired the business for €350m, according to local press reports. Financial details surrounding the transaction have not been officially disclosed.

According to a statement, the new investors aim to provide additional funding to boost the company's international expansion.

Trilantic deployed capital from its 2015-vintage Fund V Europe, which held a final close on €900m in June 2015. The vehicle invests in companies generating revenues between €100m-€1bn, operating across the consumer, leisure, industrial, TMT, healthcare and business services sectors.

Company
Founded in 1967 and headquartered in Ibiza, Pacha manages nightclubs, hotels, restaurants, magazines and clothing stores, as well as event organisation and music production companies.

People
Trilantic Europe – Javier Olascoaga (partner).
Pacha Group – Ricardo Urgell (founder).

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• Topics
• Buyouts
• Consumer
• Southern Europe
• Spain
• Trilantic Capital Partners (previously LBMB)