Pegasus Capital Advisors acquires Bangkok luxury resort

Six Senses manages 10 resorts and 28 spas in 20 countries around the world, with another 15 under construction or development. Pegasus will acquire all of the Six Senses and Evason-branded resort and spa management contracts, as well as related intellectual property rights. The business will be operated under a new company managed by Pegasus and its affiliates.

Bernhard Bohnenberger, existing president of Six Senses, will continue in his role and head the Bangkok office.

"The brand has a great heritage, and we believe it is strongly positioned to grow," said Craig Cogut, founder of Pegasus Capital Advisors. "Going forward, the new Six Senses will be a debt-free company with committed capital for expansion into new and within existing international markets."

The transaction is expected to close within three months. The Soneva brand and resorts, as well as the company's real estate assets and holdings, are not included in the transaction.

In March, Paris-based IREIFS Partners Private Equity also reopened its offices in Bangkok to tap opportunities in Thailand's tourism industry, six years after withdrawing from the market. The private equity firm has been seeking investments in Thailand and has earmarked $200 million for equity interests.

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• Topics
• Southeast Asia
• Investments
• Consumer
• Thailand
• Real estate
• Pegasus Capital Advisors