M&A Deal Summary

Ares Private Equity Group Acquires Four Seasons Hotels

On January 1, 2014, private equity firm Ares Private Equity Group acquired leisure company Four Seasons Hotels from Cascade Investments and KSL Capital Partners

Acquisition Highlights
  • This is Ares Private Equity Group’s 1st transaction in the Leisure sector.
  • This is Ares Private Equity Group’s 2nd transaction in Canada.
  • This is Ares Private Equity Group’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2014-01-01
Target Four Seasons Hotels
Sector Leisure
Buyer(s) Ares Private Equity Group
Sellers(s) Cascade Investments
KSL Capital Partners
Deal Type Secondary Buyout

Target

Four Seasons Hotels

Toronto, Ontario, Canada
Four Seasons Hotels is an international luxury, five-star hotel management company. Four Seasons works in partnership with local real estate development companies and investors. Four Seasons Hotels was formed in 1960 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 52 of 126
Sector: Leisure M&A 1 of 5
Type: Secondary Buyout M&A Deals 18 of 46
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2014 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 VIVA Apotek

Central Java, Indonesia

VIVA Apotek is an integrated health service provider and a pharmacy chain. VIVA Apotek currently have 121 Pharmacy branches, where more than 50% of our locations are equipped with General Practitioner Practices. . VIVA Apotek was founded in 2012 and is based in Central Java, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 BlackBrush

San Antonio, Texas, United States

BlackBrush is an independent oil and gas exploration and development company currently operates approximately 360,000 gross acres throughout South Texas. BlackBrush was formed in 2004 and is based in San Antonio, Texas.

Buy -

Seller(S) 2

SELLER

Cascade Investments

Kirkland, Washington, United States

Category Family Office
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Cascade Investments is the private investment vehicle for Microsoft founder Bill Gates. The Firm invests in public equity, fixed income, alternative assets as well as direct investments. Cascade was formed in 1994 and is based in Kirkland, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-12 Four Seasons Hotels

Toronto, Ontario, Canada

Four Seasons Hotels is an international luxury, five-star hotel management company. Four Seasons works in partnership with local real estate development companies and investors. Four Seasons Hotels was formed in 1960 and is based in Toronto, Ontario.

Buy $3.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 Signature Aviation

Orlando, Florida, United States

Signature Aviation is a provider of global aviation support services focused on flight support services and the aviation aftermarket, primarily in the business and general aviation sector. Signature Aviation was founded in 1879 and is based in Orlando, Florida.

Buy $4.7B
SELLER

KSL Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 23.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

KSL Capital Partners is a specialist private equity firm that makes investments in travel and leisure businesses. Areas of interest include hospitality, recreation, clubs, real estate and travel services. KSL is a hands-on investor, with a strong interest in pursuing under-managed or under-capitalized businesses where the firm can unlock hidden value. KSL Capital Partners is the successor investment vehicle to KSL Recreation Corporation, a former portfolio company of KKR. KSL Capital Partners was founded in 2005 and is based at Denver, Colorado with additional offices in New York, New York and London, United Kingdom.


DEAL STATS #
Overall 8 of 29
Sector: Leisure M&A 8 of 28
Type: Secondary Buyout M&A Deals 1 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2014 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-20 Invited

Irving, Texas, United States

Invited owns and operates golf, country, business, sports, and alumni clubs. Invited owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. Invited was founded in 1957 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Montelucia Resort &

Scottsdale, Arizona, United States

Inspired by the rich history, white-washed villages and sun-drenched hills of Spain’s Andalusia region, Montelucia Resort & Spa brings the essence of Europe to the heart of Scottsdale. With arching entryways, splashing fountains, floral walkways, and a collection of antiquities hidden throughout the property, Montelucia is an enchanting resort destination that boasts 293 luxuriously appointed guestrooms, the Moroccan-inspired Joya Spa, six tempting dining options including the critically-acclaimed Prado restaurant, a myriad of radiant pools and breathtaking views of Camelback Mountain.

Sell -