Pegasus Capital Advisors, a US-based private equity fund manager has entered into a binding agreement to acquire the Bangkok-based ultra-luxury resort and spa business of Six Senses Resorts & Spas for an undisclosed sum. Under the terms of the deal, 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 Pegasus and its affiliates.
In all, Six Senses manages 10 resorts and 28 spas in 20 countries around the world, with another 15 under construction or development, including China and Vietnam. Six Senses Resorts and Spas will maintain offices in Bangkok, New York and Singapore.
“Six Senses is known around the world for providing a unique and innovative guest experience”. Bernhard Bohnenberger, currently the president of Six Senses, will be continuing in that role and heading the Six Senses’ Bangkok office.
“Six Senses is known around the world for providing a unique and innovative guest experience,” explained Craig Cogut, founder, Pegasus Capital Advisors. “The brand has a great heritage, and we believe it is strongly positioned to grow. Going forward, the new Six Senses will be a debt-free company with committed capital for expansion into new and within existing international markets. We are confident that our president Bernhard Bohnenberger and our strong management team will continue to build on its legacy as a recognized leader in luxury hospitality.”
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.