Pegasus Capital rounds off Six Senses acquisition

US-BASED private equity fund manager Pegasus Capital Advisors has acquired all resort and spa management contracts and related intellectual property rights of Bangkok-based Six Senses Resorts & Spas, completing the transaction that was signed in April for an undisclosed sum (TTG Asia e-Daily, April 11, 2012).

A new company managed by Pegasus and its affiliates will operate these newly acquired assets, while Bernhard Bohnenberger will continue to head the Six Senses’ Bangkok office as president.

Craig Cogut, founder of Pegasus Capital Advisors, said: “Same as we did in April, we see a significant opportunity for the brand to grow and continue evolving on this heritage. Six Senses is now a debt-free company, with committed capital to pursue opportunities in new and existing international markets.”

This transaction accounted for the luxury resort management contracts, and does not include the physical real estate. Meanwhile, the Soneva brand and resorts, as well as the company’s real estate assets and holdings, will continue to be led by former founder and CEO of Six Senses, Sonu Shivdasani.

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