Simpson Thacher is representing Hilton Grand Vacations Inc. (NYSE: HGV), in connection with its announced acquisition of Bluegreen Vacations Holding Corporation (NYSE: BVH) in an all-cash transaction, representing total consideration of approximately $1.5 billion, inclusive of net debt. The transaction is expected to close during the first half of 2024 and is subject to customary closing conditions and regulatory approvals.
Hilton Grand Vacations Inc. is recognized as a leading global timeshare company and is the exclusive vacation ownership partner of Hilton. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service, and unforgettable vacation experiences for guests and more than 525,000 Club Members.
Bluegreen Vacations Holding Corporation is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations.
The combination will broaden HGV’s offerings, customer reach and sales locations creating a premier vacation ownership and experiences company. The acquisition is also expected to expand and diversify HGV’s lead flow through Bluegreen Vacations’ world-class partnerships, including an exclusive marketing agreement with Bass Pro Shops and its unique base of dedicated outdoor lifestyle enthusiasts.
The Simpson Thacher team included Jonathan Corsico, John Dougherty and Lawrence Ekin (M&A); Sophie Staples, Edward Grais and Shareef Salfity (Tax); Brian Gluck and Patrick Wolff (Credit); Jonathan Ozner, Benjamin Pittenger and David Turitzin (Capital Markets); and Sara Razi and Preston Miller (Antitrust).