Posted 4/10/2012 - 10:48:47 AM
NEW YORK—Pegasus Capital Advisors LP, through its affiliates, entered into a binding agreement to acquire the Bangkok-based 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.
Bernhard Bohnenberger, currently the president of Six Senses, will continue in that role and head the Six Senses’ 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.
“This transaction will allow me to focus solely on the development of the Soneva portfolio of resorts and real estate assets, and allow the Soneva and Six Senses brands to flourish independently of each other,” said Shivdasani.
The transaction is expected to close within the next three months.