KSL Capital, HCC close $1.5 bln acquisition of Intrawest
U.S. private equity firm KSL Capital Partners and Henry Crown and Co (HCC), the owner of Aspen Skiing Co LLC, have closed their acquisition of Intrawest Resorts Holdings Inc (NYSE: SNOW), a ski resort operator and adventure company. The deal, announced in April at a value of US$1.5 billion, saw KSL and HCC acquire IntraWest from U.S. private equity firm Fortress Investment Group. IntraWest, which has principal offices in Denver, Colorado and Banff, Alberta, will be combined with other businesses under Squaw Valley Ski Holdings. KSL’s Bryan Traficanti will serve as the combined entity's interim CEO.
31 July 2017•7 mins read
