FIVE Acquires The Pacha Group
FIVE Holdings, founded and chaired by entrepreneur Kabir Mulchandani, has completed its acquisition of a 100% equity interest in the legendary nightlife entity, The Pacha Group, in a landmark deal valued at €302.5 million.
This acquisition marks a pivotal moment in FIVE Holdings’ strategic growth and worldwide expansion journey.
FIVE Acquires The Pacha Group
FIVE Holdings, founded and chaired by entrepreneur Kabir Mulchandani, has completed its acquisition of a 100% equity interest in the legendary nightlife entity, The Pacha Group, in a landmark deal valued at €302.5 million.
This acquisition marks a pivotal moment in FIVE Holdings’ strategic growth and worldwide expansion journey.
The Pacha Group, a stalwart in the Spanish hotel and nightclub industry and boasts of a rich history, dating back to 1973, with iconic establishments such as Pacha Ibiza and Destino Pacha Ibiza. The acquisition by FIVE Holdings has led to the division of the Pacha Group into two distinct entities following the carve out of the Lío brand - FIVE Holdings has assumed control of the Destino Pacha and El Pacha hotels, along with the nightclub division.
The acquisition comprises a range of assets that includes the Pacha Nightclub, Destino Pacha Hotel, El Hotel Pacha, Toy Room Club, and WooMoon Storytellers (Globally) as well as registered trademarks such as the brand name “Pacha” (Globally) and its distinctive logo design featuring cherries (Globally), amongst others.
FIVE Holdings is therefore poised to build upon this storied legacy, promising a new era of exciting ventures in the entertainment industry.
This acquisition represents a strategic investment in an iconic brand and aligns with FIVE Holding’s visionary approach to expanding its presence in the global hospitality and entertainment sectors. The Pacha Group, under its parent company Universo Pacha SA, has been a trailblazer in the industry, and FIVE will leverage its remarkable success for future developments over the global entertainment landscape.
The acquisition comprises a range of assets that includes the Pacha Nightclub, Destino Pacha Hotel, El Hotel Pacha, Toy Room Club, and WooMoon Storytellers (Globally) as well as registered trademarks such as the brand name “Pacha” (Globally) and its distinctive logo design featuring cherries (Globally), amongst others.
FIVE Holdings is therefore poised to build upon this storied legacy, promising a new era of exciting ventures in the entertainment industry.
This acquisition represents a strategic investment in an iconic brand and aligns with FIVE Holding’s visionary approach to expanding its presence in the global hospitality and entertainment sectors. The Pacha Group, under its parent company Universo Pacha SA, has been a trailblazer in the industry, and FIVE will leverage its remarkable success for future developments over the global entertainment landscape.
