A US based private equity fund is to buy the Bangkok-based Six Sences luxury resort and spa chain for an undisclosed sum.
The equity fund, Pegasus Capital Advisors, is to purchase all Six Senses and Evason-branded resort and spa management contracts and related intellectual property rights, and operate them under a new company.Currently, Six Senses manages 10 resorts and 28 spas in 20 countries and there is another 15 under construction or development.
The Six Senses founder Sonu Shivdasani, will continue to own and manage the Soneva brand and resorts and will not be part of the takeover. “This transaction will allow me to focus solely on the development of the Soneva portfolio of resorts and real estate asets, and allow the Soneva and Six Senses brands to flourish independently of each other,” said Mr Shivdasani.
Six Senses president Mr Bernhard Bohnenberger will continue to head the Six Senses’ Bangkok office while other offices will be maintained in Singapore and New York. Pegasus Capital Advisors founder Craig Cogut said he was confident the brand would grow. He said that looking to the future, the new Six Senses will be a debt-free company with committed capital for expansion into new and within existing international markets.