FIVE Holdings Acquires The Pacha Group
FIVE, founded and chaired by entrepreneur Kabir Mulchandani, completed its acquisition of a 100% equity interest in the legendary nightlife entity, The Pacha Group, in a landmark deal valued at €302.5 million in October 2023. This acquisition marks a pivotal moment in FIVE Holdings’ strategic growth and worldwide expansion journey.
FIVE Holdings Acquires The Pacha Group
FIVE, founded and chaired by entrepreneur Kabir Mulchandani, completed its acquisition of a 100% equity interest in the legendary nightlife entity, The Pacha Group, in a landmark deal valued at €302.5 million in October 2023. This acquisition marks a pivotal moment in FIVE Holdings’ strategic growth and worldwide expansion journey.
The Pacha Group, a stalwart in the Spanish hotel and nightclub industry and boasts of a rich history, dating back to 1973, with iconic establishments such as Pacha Ibiza and Destino Five Ibiza (previously known as Destino Pacha Hotel Ibiza). The acquisition comprises a range of assets that includes the Pacha Ibiza, Pacha New York, Destino Five Ibiza, Pacha Hotel, Toy Room Club, WooMoon Storytellers (Globally) and The Pacha Collection as well as registered trademarks such as the brand name “Pacha” (Globally) and its distinctive logo design featuring cherries (Globally), amongst others.
This acquisition represents a strategic investment in an iconic brand and aligns with FIVE Holding’s visionary approach to expanding its presence in the global hospitality and entertainment sectors. The Pacha Group, under its parent company Universo Pacha SA, has been a trailblazer in the industry, and FIVE will leverage its remarkable success for future developments over the global entertainment landscape.
This acquisition represents a strategic investment in an iconic brand and aligns with FIVE Holding’s visionary approach to expanding its presence in the global hospitality and entertainment sectors. The Pacha Group, under its parent company Universo Pacha SA, has been a trailblazer in the industry, and FIVE will leverage its remarkable success for future developments over the global entertainment landscape.
A CULTURAL REVIVAL ROOTED IN BROOKLYN, IGNITING THE FUTURE OF GLOBAL NIGHTLIFE
FIVE has entered into a long-term agreement to assume full operational management of Pacha New York, marking the next evolution of a brand that has spent more than 50 years at the forefront of global dancefloor culture.
Born in Ibiza and reimagined for Brooklyn, Pacha New York brings the spirit of one of the world’s most iconic nightlife institutions to a city that has long shaped global music and culture. From June through October 2026, its inaugural Open Air season will bring together world-class international headliners and homegrown talent on the same stage, reflecting the diverse sounds, communities and creative energy that define contemporary dance music.
More than a new venue, Pacha New York represents a long-term commitment to building the future of nightlife in Brooklyn: one rooted in music, elevated hospitality, operational excellence and a belief in the power of the dancefloor to bring people together.
“New York - the financial and cultural capital of the world - represents more than a market expansion for FIVE and Pacha; it marks a defining moment in our global journey. This move reflects the strength of our vision, the resilience of our platform, and our ambition to help shape the future of entertainment on a global stage. We are entering a city that influences how the world thinks, creates, and connects - and we do so with bold imagination, long-term commitment, and the confidence to build destinations that resonate far beyond their physical walls. For us, New York is not simply a new chapter - it is a statement of intent about the scale of our aspirations and the cultural impact we are here to create,” says Kabir Mulchandani, Chairman and Chief Executive, FIVE.
PACHA NEW YORK ANNOUNCES $24 MILLION IN COMMUNITY-FOCUSED OPERATIONAL ENHANCEMENTS AND $3 MILLION FOR BROOKLYN COMMUNITY INITIATIVES OVER THE NEXT 10 YEARS
As part of its long-term commitment to its new home, Pacha New York announced a $24 million operational enhancement plan over the next decade, alongside an additional $3 million dedicated to Brooklyn-based community initiatives. Together, the commitments reflect Pacha New York’s belief that great nightlife extends beyond the dancefloor and that becoming part of Brooklyn means investing in the community around it.
The plan is designed to create a safer, more accessible and more sustainable experience for guests while supporting neighborhood organizations and public spaces. Operational enhancements include complimentary shuttle transportation to key transit hubs across Brooklyn, Manhattan and Queens; expanded sanitation services; advanced security infrastructure; AI-powered capacity monitoring; private medical and wellness support, including an onsite infirmary and ambulance; real-time venue management systems; and dedicated neighborhood coordination efforts.
Together, these investments represent a significant commitment to Brooklyn as Pacha brings one of the world’s most recognized names in nightlife to New York: honoring more than five decades of global dancefloor culture while building a distinctly New York future under the cherries.
FIVE has entered into a long-term agreement to assume full operational management of Pacha New York, marking the next evolution of a brand that has spent more than 50 years at the forefront of global dancefloor culture.
Born in Ibiza and reimagined for Brooklyn, Pacha New York brings the spirit of one of the world’s most iconic nightlife institutions to a city that has long shaped global music and culture. From June through October 2026, its inaugural Open Air season will bring together world-class international headliners and homegrown talent on the same stage, reflecting the diverse sounds, communities and creative energy that define contemporary dance music.
More than a new venue, Pacha New York represents a long-term commitment to building the future of nightlife in Brooklyn: one rooted in music, elevated hospitality, operational excellence and a belief in the power of the dancefloor to bring people together.
“New York - the financial and cultural capital of the world - represents more than a market expansion for FIVE and Pacha; it marks a defining moment in our global journey. This move reflects the strength of our vision, the resilience of our platform, and our ambition to help shape the future of entertainment on a global stage. We are entering a city that influences how the world thinks, creates, and connects - and we do so with bold imagination, long-term commitment, and the confidence to build destinations that resonate far beyond their physical walls. For us, New York is not simply a new chapter - it is a statement of intent about the scale of our aspirations and the cultural impact we are here to create,” says Kabir Mulchandani, Chairman and Chief Executive, FIVE.
PACHA NEW YORK ANNOUNCES $24 MILLION IN COMMUNITY-FOCUSED OPERATIONAL ENHANCEMENTS AND $3 MILLION FOR BROOKLYN COMMUNITY INITIATIVES OVER THE NEXT 10 YEARS
As part of its long-term commitment to its new home, Pacha New York announced a $24 million operational enhancement plan over the next decade, alongside an additional $3 million dedicated to Brooklyn-based community initiatives. Together, the commitments reflect Pacha New York’s belief that great nightlife extends beyond the dancefloor and that becoming part of Brooklyn means investing in the community around it.
The plan is designed to create a safer, more accessible and more sustainable experience for guests while supporting neighborhood organizations and public spaces. Operational enhancements include complimentary shuttle transportation to key transit hubs across Brooklyn, Manhattan and Queens; expanded sanitation services; advanced security infrastructure; AI-powered capacity monitoring; private medical and wellness support, including an onsite infirmary and ambulance; real-time venue management systems; and dedicated neighborhood coordination efforts.
Together, these investments represent a significant commitment to Brooklyn as Pacha brings one of the world’s most recognized names in nightlife to New York: honoring more than five decades of global dancefloor culture while building a distinctly New York future under the cherries.