FIVE Acquires The Pacha Group

In October 2023, FIVE successfully completed the acquisition of 100% equity interest in the legendary Spanish nightlife entity, The Pacha Group, in a landmark deal valued at €302.5 million.

The world’s most storied entertainment group joins forces with famed FIVE to write an epic new chapter for extravagant entertainment.

 

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FIVE Acquires The Pacha Group

In October 2023, FIVE successfully completed the acquisition of 100% equity interest in the legendary Spanish nightlife entity, The Pacha Group, in a landmark deal valued at €302.5 million.

The world’s most storied entertainment group joins forces with famed FIVE to write an epic new chapter for extravagant entertainment.

 

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This acquisition marks a pivotal moment in FIVE’s strategic growth and worldwide expansion journey. Comprising of a range of assets including the Pacha Nightclub, Destino Pacha Hotel, El Hotel Pacha, Toy Room Club, and WooMoon Storytellers (Globally), FIVE is now poised to build upon this storied legacy, heralding a new era of exciting ventures in the entertainment industry. The new properties now join the lush lineup of FIVE’s hotels, including the iconic FIVE Palm Jumeirah, trendy FIVE Jumeirah Village, FIVE Zurich and soon-to-be launched, FIVE LUXE. Together, these destinations serve as an enticing playground for discerning global travelers seeking unparalleled luxury, vibrant nightlife, and truly memorable entertainment experiences.

Pacha Ibiza stands as an indisputable veteran in the entertainment scene, commemorating its 50th anniversary in 2023. With five decades of history under its belt, Pacha has solidified its status as a time-honored institution in the realm of entertainment. Its rich legacy and unwavering commitment to delivering top-tier entertainment and music experiences has established it as a cornerstone of the global entertainment industry. In Ibiza, there is no entertainment entity older than Pacha Ibiza, and its fame surpass even the legendary Studio 54.

Kabir Mulchandani, Founder and Chairman, FIVE Holdings,and Chairman, The Pacha Group expressed, “I am extremely proud to share the exciting news that FIVE has concluded the process to acquire the celebrated Pacha Group – an illustrious nightlife, hospitality and leisure brand that has an iconic legacy and one which has been an undisputed pioneer in the industry for decades, and one that I have personally admired for a very long time.  As The Pacha Group joins forces with FIVE, I am truly thrilled to embark on this sensational new next chapter.”

CEO of FIVE Hospitality and The Pacha Group, Aloki Batra takes on the mantle of CEO of The Pacha Group. “The Pacha Lifestyle includes the world’s most iconic nightclub, where music and glamour collide to create an electric mix of authenticity, spontaneity and fun– one now combines with FIVE’s celebrated hospitality and luxury lifestyle expertise. It is a momentous occasion that is set to create a worldwide magnum opus of entertainment.”
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