Ricardo Urgell closed the sale of the Pacha Ibiza group to the international venture capital fund Trilantic Capital Partners for 350 million euros
After having been one of the most talked about news of the end of last season, the sale of the emblematic Pacha Group the past is over Thursday February 2When Ricardo Urgell, Founder and owner of the legendary nocturnal leisure group, signed the sale with the managers of Trilantic Capital Partners.
So, the international venture capital fund has acquired all the assets of the group for 350 million euros, which includes the sale of the disco Pacha Ibiza, the Hotel Pacha, Destination Pacha Ibiza Resort, The cabaret club and restaurant Lío Ibiza, the multimedia media, the national and international franchises and the Pacha original located in Sitges.
In statements a few months ago, when the news of the possible sale, to the press Urgell recognized that it hurt a lot Get rid of this professional project that for him it has been "like a son".
For lovers of the party and electronic music, the sale is a inflection point and raises the question whether Trilantic will manage to maintain that spirit and style that has made the cherry club unique in the world. For now, they have already Announced that they will increase the workforce in its different locations in Ibiza. The WINTER 2017 Will suppose fireproof To verify that they continue maintaining the quality in the programming that made us love Pacha Ibiza.
