Aspen Skiing, KSL Capital to buy Intrawest Resorts for $1.5 bln

Aspen Skiing Company LLC and KSL Capital Partners LLC have agreed to buy Intrawest Resorts Holdings Inc for $23.75 a share or about $1.5 billion, including debt. Intrawest is a North American mountain resort and adventure company. Deutsche Bank Securities Inc, Moelis & Company LLC and Houlihan Lokey are financial advisors to Intrawest. Goldman, Sachs & Co is serving as financial advisor to Aspen and KSL and is acting as financial advisor to the new entity. Hogan Lovells US LLP, Latham and Watkins LLP and Simpson Thacher Bartlett LLP are legal counsel to Aspen and KSL. Skadden, Arps, Slate, Meagher & Flom LLP and Blake, Cassels & Graydon LLP provided legal counsel to Intrawest.

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