Private equity eyes Ibiza club owner

New York-headquartered international private equity fund Trilantic Capital Partners is considering an offer for Spanish dance-club operator Pacha Group, according to sources.

A sale of closely held Pacha could fetch a few hundred million euro, the sources said. The company runs clubs on the Spanish island of Ibiza, as well as in Germany, Poland, Australia, China, and Brazil.

Trilantic is working with advisers as it carries out due diligence, they added.