M&A Deal Summary

Intercontinental Hotels Group Acquires Six Senses Hotels Resorts Spas

On February 13, 2019, Intercontinental Hotels Group acquired leisure company Six Senses Hotels Resorts Spas from Pegasus Capital Advisors for 300M USD

Acquisition Highlights
  • This is Intercontinental Hotels Group’s 1st transaction in the Leisure sector.
  • This is Intercontinental Hotels Group’s largest (disclosed) transaction.
  • This is Intercontinental Hotels Group’s 1st transaction in Thailand.

M&A Deal Summary

Date 2019-02-13
Target Six Senses Hotels Resorts Spas
Sector Leisure
Buyer(s) Intercontinental Hotels Group
Sellers(s) Pegasus Capital Advisors
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Six Senses Hotels Resorts Spas

Bangkok, Thailand
website
Six Senses Resorts and Spas is an eco-conscious luxury resort and spa management company with branded properties in Asia, the Middle East, the Americas, and Europe. In all, Six Senses manages 10 resorts and 27 spas in 20 countries around the world under the Six Senses and Evason brands.

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Buyer(S) 1

Buyer

Intercontinental Hotels Group

Windsor, United Kingdom

website


Category Company
Founded 1777
Sector Restaurants
Employees12,899
Revenue 3.9B USD (2022)
DESCRIPTION

Intercontinental Hotels Group is the leading hotel companies, we have 688,517 rooms in over 4,700 hotels in nearly 100 countries and territories around the world.We operate nine hotel brands – InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN™ Hotels and HUALUXE™ Hotels and Resorts. InterContinental Hotels Group was founded in 1777 and is based in Denham, the United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Thailand) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Regent International Hotels

Taipei 104, Taiwan

Regent International Hotels Ltd. is a global luxury hospitality brand including hotels, resorts, residences and cruises. The Regent brand returned to its Asian roots in 2010 with an acquisition by Taipei-based FIH Regent Group. The bespoke Regent experience combines Eastern simplicity and Western elegance melded with gracious and intuitive service, luxurious amenities and traditional hospitality.

Buy -

Seller(S) 1

DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 13 of 14
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (Thailand) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Healthe

Melbourne, Florida, United States

Healthe, Inc. is a technology provider in developing and deploying commercial and consumer solutions for UV air and surface sanitization and LED circadian lighting. These products inactivate viruses and bacteria in the air and on surfaces, improve air quality, regulate the body’s internal clock, boost performance and enhance sleep. Healthe is based in Melbourne, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Command Alkon

Birmingham, Alabama, United States

Command Alkon solutions deliver supply chain integration and frictionless digital collaboration across the heavy construction ecosystem. CONNEX, a many-to-many technology platform purpose-built for the industry that enables business partners to automate inter-enterprise operations, capture real-time visibility into heavy material orders and deliveries, leverage leading-edge software experiences to achieve mutually beneficial goals, and share knowledge to manage by exception and promote certainty of outcomes. Command Alkon was founded in 1970 and is based in Birmingham, Alabama.

Sell -