Private equity fund manager Pegasus Capital Advisors is to acquire Six Senses Resorts & Spas, a Bangkok-based ultra-luxury resort and spa business, for an undisclosed amount.
Under the terms of the transaction, which is expected to close within the next three months, Pegasus will acquire all of the Six Senses and Evason branded resort and spa management contracts and related intellectual property rights and operate them under a new company managed by the private equity manager and its affiliates.
The investment will help the company expand into new and within existing international markets. Bernhard Bohnenberger, the current president of Six Senses, will be keeping that role and heading the Bangkok office. The Soneva brand and resorts, as well as the company’s real estate assets and holdings, are not included in the transaction, and will continue to be led by Sonu Shivdasani, the former founder and CEO of Six Senses, who will serve as chairman and CEO and principal shareholder of The Soneva Group.
Six Senses Resorts and Spas has properties under management in Asia, the Middle East, the Americas and Europe. In all, it has manages 10 resorts and 28 spas in 20 countries around the world, with another 15 under construction or development, including China and Vietnam.
The company will maintain offices in Bangkok, New York and Singapore.