The Pacha Group, previously sold to Trilantic Capital Partners in 2017, discreetly sold part of its assets last year. Kabir Mulchandani of FIVE Global Holdings recently announced the purchase of Pacha’s hotel and nightlife assets for $322 million (€303 million). Trilantic will retain Lío de Marina Ibiza and its other locations. The Pacha Hotel, earlier bought by the Reuben brothers, was also part of this sale. After receiving €18 million in COVID-19 aid from the Spanish Government in 2021, the Pacha Group plans to repay this amount following the sale.
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