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M&A Deal Summary

KSL Capital Partners Acquires Alterra

On April 10, 2017, private equity firm KSL Capital Partners acquired leisure company Alterra for 1.5B USD

Acquisition Highlights
  • This is KSL Capital Partners’ 25th transaction in the Leisure sector.
  • This is KSL Capital Partners’ 2nd largest (disclosed) transaction.
  • This is KSL Capital Partners’ 22nd transaction in the United States.
  • This is KSL Capital Partners’ 5th transaction in Colorado.

M&A Deal Summary
Date 2017-04-10
Target Alterra
Sector Leisure
Buyer(s) KSL Capital Partners
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking
Moelis & Co.
Houlihan Lokey (Financial)
Skadden, Arps, Slate, Meagher & Flom
Blake, Cassels & Graydon (Legal)

Target

Alterra

Denver, Colorado, United States
Entrance to Intrawest's corporate headquarters in downtown Dever, Colorado.
Entrance to Intrawest's corporate headquarters in downtown Dever, Colorado.
Alterra is a mountain resort and adventure company that delivers vacation and travel experiences. Intrawest owns interests in seven four-season mountain resorts geographically diversified across North America’s major ski regions with more than 11,000 skiable acres and over 1,140 acres of land available for real estate development. Intrawest also operates an adventure travel business, a heli-skiing adventure company in North America that provides helicopter accessed skiing, mountaineering, and hiking. Alterra was founded in 1976 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

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 29 of 55
Sector: Leisure M&A 25 of 49
Type: Going Private M&A Deals 2 of 2
State: Colorado M&A 5 of 6
Country: United States M&A 22 of 42
Year: 2017 M&A 1 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Miraval

Tucson, Arizona, United States

Miraval is a provider of wellness and mindfulness experiences. Miraval was established in 1995 and is based in Tucson, Arizona.

Sell $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Under Canvas

Belgrade, Montana, United States

Under Canvas is an owner and operator of luxurious camping or “glamping” accommodations near America’s most popular national parks. Under Canvas was founded in 2009 and is based in Belgrade, Montana.

Buy -
Mergr

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