Private equity snaps up Six Senses
Boutique resort and spa operator Six Senses has been sold for an undisclosed price to a US-based private equity fund manager, Pegasus Equity Advisors.
Pegasus will acquire all of the Six Senses and Evason-branded resort and spa management contracts and operate them under a new company managed by Pegasus and its affiliates.
Craig Cogut, founder of Pegasus Capital Advisors, said, “The brand has a great heritage, and we believe it is strongly positioned to grow.”
Under the terms of the deal, 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 founder and former CEO of Six Senses.
“For myself and Eva, my wife, this means we can devote all our energies to our first love – the development of the Sonevas,” Shivdasani said.
“Soneva will continue to operate its philanthropic arm, The Slow Life Trust, and remain dedicated to achieving environmental goals and a corporate commitment to sustainability.”
Six Senses manages 10 resorts and 28 spas in 20 countries around the world, with another 15 under construction or development, including in China and Vietnam
Ian Jarrett
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