KSL Capital Partners related stories
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KSL wraps up credit fund at $753mKSL Capital Partners has closed its latest travel and leisure-focused credit fund at $753 million, beating its $675 million target.
Blade and Experience Investment Corp to mergeBlade Urban Air Mobility Inc, air mobility company, has agreed to merge with Experience Investment Corp, a blank check company, sponsored by KSL Capital Partners.
KSL Capital Partners and HCC to buy Deer Valley ResortA new entity controlled by KSL Capital Partners LLC and Henry Crown and Co has agreed to acquire Park City, Utah-based Deer Valley Resort, a ski resort. No financial terms were disclosed.
KSL Capital, HCC close $1.5 bln acquisition of IntrawestU.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 /canada/2017/4/aspen-skiing-ksl-capital-to-buy-intrawest-for-about-1-5-bln-reuters/ 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.
- 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.
- Bain Capital Private Equity to sell Apple Leisure Group to KKR, KSL
KKR and KSL Capital Partners have agreed to buy Apple Leisure Group from Bain Capital Private Equity. Financial terms weren’t announced. Philadelphia-based Apple Leisure is a hospitality company that sells all-inclusive vacation packages. Credit Suisse and Kirkland & Ellis LLP served as advisors to Bain Capital Private Equity. Simpson Thacher & Bartlett LLP and Dentons served as advisors to KKR and KSL.
Vail Resorts to buy Canada's Whistler Blackcomb: ReutersVail Resorts Inc said it would buy Whistler Blackcomb Holdings Inc, operator of the Canadian ski resort that was a venue for the 2010 Olympic Winter Games, for about $1.39 billion, Reuters reported. Vail, which owns mountain resorts in the United States and Australia, will pay about $676 million in cash and $715 million in stock. Whistler Blackcomb is a portfolio company of KSL Capital Partners, a U.S. private equity firm focused on travel and leisure investments. KSL acquired a 24 percent stake in the business in December 2012.
- Partners to set up new Americas headquarters
The Zug, Switzerland-based private markets investment manager plans to relocate a number of top executives from its existing US offices to a new regional headquarters.
- Owner of Spain's Parques Reunidos considers flotation, say sources: Reuters
Private equity group Arle Capital, owner of Spain's Parques Reunidos, is considering a flotation of the theme park operator on the Madrid stock exchange with the aim of getting a better return on its investment, a source involved in the deal said.