Five Holdings has acquired Pacha Nightclub, Destino Pacha Hotel, El Hotel Pacha and Pacha Group’s other assets in a massive deal. The move aligns with FIVE Holding’s visionary strategy to enhance its global footprint in the hospitality and entertainment sectors.
FIVE’s Green Bond listing on Nasdaq Dubai last month marked its inaugural appearance on the region’s premier international financial exchange, thus reinforcing its commitment to sustainable finance. FIVE is the world’s only company to earn an “A” rating for ESG within the ISS Corporate Rating universe. The listing boosts the exchange’s total value of listed debt to USD 118.34 billion.
Kabir Mulchandani, FIVE’s chairman and founder, said: “We delivered an unprecedented year of success in 2022. We were driven by the acceleration of our growth strategies, which achieved a robust EBITDA margin (42 percent). We also secured world-class sustainability milestones (“A” rating for ESG by ISS). FIVE understands that value creation for stakeholders is essential to sustainable development. Consequently, this commitment drives our dedication to achieving outstanding EBITDA figures and environmental responsiveness. This commitment forms the bedrock of FIVE’s ‘Sustainable Indulgence’. Ultimately, our legacy is rooted in financial strength, coupled with our strategic focus on the environment, society, and robust corporate governance.
This acquisition represents a significant development in the world of entertainment and hospitality. Moreover, Pacha Group is an international entity with a Mediterranean soul, offering a meticulously curated selection of nightlife, restaurant, and hotel brands across the beautiful Balearic Islands and beyond. Renowned for its presence in nightlife and hospitality with iconic venues such as Pacha Nightclub, Destino Pacha Hotel, El Hotel, Toy Room Club, and WooMoon Storytellers, this marks a new and promising chapter for both companies.
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