Grupo Pacha to be sold to Trilantic
Grupo Pacha, the Ibiza, Spain-based operator of dance clubs, has closed a sale agreement with the PE firm Trilantic, Cinco Dias reported citing founder and owner Ricardo Urgell. The deal price is not known, but local media have valued the transaction at about EUR 350m, the Spanish-language paper said.
Ricardo Urgell will retain a stake, and Trilantic Europe, together with investors MCH Private Equity and GPF Capital, will acquire a stake from the Urgell family.
The deal will be closed within two months.
Printed report in Cinco Dias, page 5.