The ultra-luxury resort and spa group Six Senses founded and led by Sonu Shivdasani might be changing hands soon. The Bangkok based company is being acquired by a US-based private equity fund manager. The process is in an advanced stage and some loose ends are being tied up. The company presently manages and operates Six Senses and Evason-branded resorts. Pegasus Capital Advisors has entered into a binding agreement to acquire these management contracts and related intellectual property rights. These contracts will now be operated under a new company that will be managed by Pegasus and its affiliates.
Private Equity Fund Manager Acquires Six Senses
Craig Cogut, founder, Pegasus Capital Advisors feels that it is a win-win situation for all as under this new arrangement Six Senses will be a debt-free company. Pegasus has also made commitments for additional capital that would be used for expansion into new and within existing international markets. Under the new agreement the current president of Six Senses, Bernhard Bohnenberger will continue in his role and head the Six Senses’ Bangkok office.
Soneva remains with Sonu Shivdasani
The Soneva brand and the resorts running under the brand will not be affected by this agreement. Sonu Shivdasani will continue to lead the company that holds all the real estate assets and holdings related to Soneva including the brand itself. Sonu who was the CEO of Six Senses will now be the chairman and CEO and principal shareholder of The Soneva Group. He is happy about the development as he feels it will give him more time to concentrate on the Soneva portfolio of resorts and real estate assets. It will allow the Soneva and Six Senses brands to flourish independently of each other. The transaction under the agreement is expected to be complete in three months.