A lot of changes are happening in the island of Ibiza, and one of the changes is in the ownership of Pacha Group. After months of speculation, owner Ricardo Urgell has sold the company to private equity firm Trilantic Capital Partners for €350 million. This means that the equity firm has acquired the Pacha nightclub in Ibiza Town, Destino Pacha Ibiza Resort in Cap Martinet and restaurant Lío Ibiza.

More information is sure to come about the acquisition.