Aspen Skiing, KSL Capital to buy Intrawest for $1.5 bln: Reuters
Ski resorts operator Aspen Skiing Co LLC and U.S. private equity firm KSL Capital Partners LLC will buy Intrawest Resorts Holdings Inc for about US$1.5 billion, including debt, Reuters reported. Intrawest's shares had risen 49 percent since January 12, the day before Reuters reported that it was working with investment banks on a possible sale. Intrawest, which has its principal Canadian office in Banff, Alberta, is majority-owned by U.S. private equity firm Fortress Investment Group LLC. Fortress took Intrawest private in 2006 for US$2.8 billion, and then took it public again in 2014.
10 April 2017•2 mins read
