Madrid, 3 February 2017 – Alantra advised Trilantic Europe, a private equity firm focused on mid-market transactions in Europe, on the acquisition of Pachá Group (“Pachá”), a Spanish leisure, hospitality and entertainment group from the Urgell family. Trilantic Europe, together with a group of co-investors that includes MCH Private Equity and GPF Capital as well as investors in Trilantic’s Funds, will also provide additional resources to finance the company’s expansion plan. As part of the transaction, Ricardo Urgell, the founder of Pachá, will remain as a shareholder of the company.
Closing of the transaction is expected to take place within two months, once a number of condition precedents, such as the antitrust approval, have been met. The new Board of Directors will include representatives of Trilantic Europe as well as international industry experts.
In a recent statement published by Trilantic, Ricardo Urgell said: “I want to welcome Trilantic Europe to our home, Pachá. I am very excited about this new phase of our group’s life, where I trust that, together with our new partner, we will undertake projects that will further contribute to the success achieved in the last 50 years.”
Pachá is a Spanish leisure, hospitality and entertainment group. It was founded in Sitges in 1967 by Ricardo Urgell. The company is headquartered in Ibiza where the Group’s key assets are located and it has a presence since 1973. The Group is currently active in night clubs, hotels, restaurants, magazines, event organisation, franchises, music production and clothing and accessories store.