Six Senses Resorts bought by US PE firm

Apr 11, 2012 (LBO) – Pegasus Capital Adivsors, a US based private equity firm had struck a deal to buy Bangkok-based Six Senses Resorts and Spas brand, though real estate assets will remain with the founders. Six Senses Resorts and Spas has properties under management in Asia, the Middle East, the Americas and Europe. Six Senses manages 10 resorts and 28 spas in 20 countries around the world, with another 15 under construction or development, including China and Vietnam.

The Soneva Group is made up of Soneva Fushi and Soneva Gili in the Maldives and Soneva Kiri in Thailand. The Soneva Group also holds majority stakes in various resort assets in the Maldives and Thailand.

Two further Soneva resorts — in Greece and Sri Lanka — are currently under development. Soneva in Aqua, a new yacht experience, will be launched in the Maldives later this year.

“Six Senses is known around the world for providing a unique and innovative guest experience,” Craig Cogut, founder, Pegasus Capital Advisors said in a statement.

“The brand has a great heritage, and we believe it is strongly positioned to grow. Going forward, the new Six Senses will be a debt-free company with committed capital for expansion i