Private equity fund Trilantic Capital Partners acquired the Pacha Group from the Urgell family, founders and managers of the group since 1967 through the holding company El Firmamento Estelar, S.L.

The asset-and-share sale agreement worth €290 million includes the operation of the Pacha Ibiza discotheque, Destino Pacha Ibiza Resort and Lío Ibiza cabaret restaurant. Trilantic organized the acquisition through the project company Sena Directorship, S.A.

The Urgell family will continue in the Pacha Group shareholding with a minority share. Both parties subscribed the corresponding capital increase for Sena Directorship, investment agreements, shareholders agreement and collaboration agreements for business opportunities.

Cuatrecasas advised the Urgell family on this transaction through a multidisciplinary team led by the Corporate and Commercial Practice, comprised of partners Raimundo Segura and Pedro San José and with the support of associates Roger Freixes, Daniel Coloma and Maximilian Thierfelder.

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