This week, the Pasha Group explored the possibility of bringing on a new partner to support its ongoing growth. The communications team clarified that the focus is on expansion through upcoming projects across Mallorca, London, Dubai, and Miami, aligning with a broader strategy that keeps the door open for collaboration rather than a full sale of the business. The conversation followed reports by El Confidencial that suggested a complete sale might be on the table for the entertainment group, a development contradicted by other stakeholders who emphasized steady growth alongside potential partnerships.
The core message from insiders is clear: the group is seeking a partner to accompany its growth phase. They stressed that the intention is to add strength to the current portfolio, not to divest the enterprise as a whole. Trilantic, an international investment firm, has owned the group since 2017 after acquiring it from the founder, Ricardo Urgell, yet the latest discussions focus on strategic alliances rather than ownership changes.
international growth
El Confidencial reports that a venture capital team led by Javier Bañón and Javier Olascoaga, a former Lehman Brothers partner, would appoint Rothschild and Moelis to locate a new partner capable of financing the brand’s international expansion. The same report notes that Trilantic previously received 18 million euros from the Spanish state nine months earlier to help cushion the impact of the pandemic, underscoring the group’s reliance on strategic funding during a challenging period.
El Independiente highlights the brand’s flagship presence is Pacha Ibiza. The founder, Ricardo Urgell, started the company in 1973 and, while selling the group to Trilantic in 2017, retained a 10 percent stake for the Urgell family. This historical backbone informs the group’s current emphasis on experiential venues and branded experiences across multiple markets.
Today, the Pacha Group operates beyond its legendary Vila nightclub. It maintains a hotel on Ibiza’s Avenida 8 d’Agost and the Destino Resort on Cap Martinet, along with the Lío cabaret club and a range of dining and retail ventures. The Casa Pacha hotel on Formentera also forms part of the group’s diversified hospitality ecosystem, illustrating a cohesive strategy that blends nightlife with lifestyle hospitality and boutique retail.
Recent developments include the planned reopening and modernization of Tipic de es Pujols, a nightclub in the smallest island of the Pitiusas. Opened in 1971, the venue has remained shuttered since 2019, with renovations ongoing and doors expected to reopen under the Pacha umbrella. This signals a continued investment in iconic venues while nurturing new locations that resonate with the brand’s global identity.
Beyond the Balearics, the investment group operates two Pacha branded clubs in Barcelona and Munich, along with the Destino Resort and the Lío club in Mykonos. These properties illustrate a deliberate expansion into key Mediterranean and European leisure hubs, reinforcing a nationally recognizable yet internationally minded brand presence that appeals to tourists and local patrons alike.