The Firm is representing KSL Capital Partners in connection with the acquisition of Mammoth Resorts by a joint venture formed by affiliates of KSL Capital Partners, LLC and Aspen Skiing Company, L.L.C. Terms of the transaction were not disclosed. 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.
Mammoth Resorts is the leading four-season mountain resort operator in California. The company owns and operates a variety of recreation, hospitality, real estate development, food and beverage and retail enterprises. This includes Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain, which collectively host over two million annual skier/snowboarder visits. Mammoth Resorts is also the owner-operator of Tamarack Lodge and Resort, Mammoth Mountain Inn, Juniper Springs Resort, the Village Lodge, Mammoth Mountain Bike Park, Snow Summit Bike Park, Mammoth Snowmobile Adventures, Sierra Star Golf Course and Bear Mountain Golf Course.
The Simpson Thacher team includes Christopher Brown, James Doyle and Shana Ramirez (Credit); and Chad Skinner, Fred de Albuquerque, Andrew Simon-Rooke and Mark Underwood (M&A).