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KSL and Aspen Skiing Company to Acquire Intrawest Resorts

04.11.17

The Firm is representing KSL Capital Partners in connection with the acquisition of Intrawest Resorts Holdings, Inc. (NYSE: SNOW) by a joint venture formed by affiliates of KSL Capital Partners, LLC and Aspen Skiing Company, L.L.C. for approximately $1.5 billion. The transaction, which is expected to close by the end of the third quarter of 2017, is subject to regulatory approvals and customary closing conditions.

Intrawest is a leading North American mountain resort and adventure company that wholly owns and/or operates six four-season mountain resorts. Intrawest also operates an adventure travel business, as well as a comprehensive real estate business through which it manages condominium hotel properties and sells and markets residential real estate.

The Simpson Thacher team includes Christopher Brown, James Doyle and Shana Ramirez (Credit); and Chad Skinner, Frederick de Albuquerque, Andrew Simon-Rooke and Mark Underwood (M&A).