Simpson Thacher represented vehicles affiliated with Riverwood Capital in its proposed minority investment in the strategic merger between Casago, a premier vacation rental property management company, and Vacasa, Inc., a leading vacation rental management platform in North America. Pursuant to the terms of the strategic merger, Casago and Vacasa will combine in a transaction in which Casago will acquire all outstanding shares of Vacasa held by public stockholders at a price of $5.02 per share, subject to adjustment as set forth in the merger agreement.
Casago is a premier vacation rental management company, overseeing nearly 5,000 properties across 72 cities in the United States, Mexico, Costa Rica and the Caribbean.
Vacasa is the leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams.
The Simpson Thacher team included Naveed Anwar, Shaneel Parikh and Sarika Pandrangi (M&A); Kelli Schultz-Panas (Capital Markets); Robert Guo, Daniel Teicher and Christopher Rowe (Funds); and Sophie Staples (Tax).