Today we received the official news:Trilantic Europe becomes a shareholder of Pacha Group!
This is the official note: “A group of investors led by Trilantic Europe has signed an agreement with the Urgell family to acquire a participation in the Pacha Group.
As part of the transaction, Ricardo Urgell will remain as shareholder of the company, while Trilantic Europe, together with a group of co-investors that includes investors in its funds as well as MCH Private Equity and GPF Capital, will acquire a stake from the members of the Urgell family and provide additional resources to finance the company’s expansion plan.
Toady’s signature of the potential investment in Pacha represents an important milestone for the group. Shareholders will support the great work performed in the last 50 years by Ricardo Urgell by further strengthening the Ibiza’s operations and also focusing on the international expansion of the group.
Closing is expected to take place within two months, once a number of condition precedents, such as the antitrust approval, are met. The new Board of Directors will include representatives of Trilantic Europe as well as international industry experts.“
Ricardo Urgell, founder and owner of Pacha said: “I want to welcome Trilantic Europe to our home, Pacha. I am very excited about this new phase of our group’s life, where I trust that, together with our new partner, we will undertake projects that will further contribute to the success achieved in the last 50 years.”
Trilantic said: “It is an honour that Ricardo Urgell has opened to us Pacha’s doors and that we can be, together with him and the rest of the team, part of the very exiting future of the company.”
So, despite many rumors, Pacha groups wasn’t completely sold, and many unconfirmed news and now we are ready to know the programs for Ibiza 2017!
Picture by: Pacha Ibiza
