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M&A Deal Summary

Orange Lake Resort Acquires Silverleaf Resorts

On May 21, 2015, Orange Lake Resort acquired leisure company Silverleaf Resorts from Cerberus Capital Management

Acquisition Highlights
  • This is Orange Lake Resort’s 1st transaction in the Leisure sector.
  • This is Orange Lake Resort’s 1st transaction in the United States.
  • This is Orange Lake Resort’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-05-21
Target Silverleaf Resorts
Sector Leisure
Buyer(s) Orange Lake Resort
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Advisor(s) Credit Suisse Investment Banking (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

Silverleaf Resorts

Dallas, Texas, United States
Silverleaf Resorts, Inc. owns and operates timeshare resorts across the U.S. with a wide array of country club-like amenities, such as golf, clubhouses, an indoor water park, swimming, tennis, boating, and many organized activities for children and adults.

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Buyer(S) 1

Buyer

Orange Lake Resort

Orlando, Florida, United States
Category Company
Founded 1982
Sector Leisure
DESCRIPTION

Orange Lake Resort encompasses 28 resorts and 7,600 villas in the U.S. Orange Lake Resorts operates Holiday Inn Club® with more than three decades of proven success. The Holiday Inn Club Vacations® brand was created in 2008 through a strategic alliance with IHG® (InterContinental Hotels Group). Orange Lake Resort was founded in 1982 and is based in Orlando, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 27 of 57
Sector: Leisure M&A 1 of 2
Type: Add-on Acquisition M&A Deals 13 of 29
State: Texas M&A 1 of 3
Country: United States M&A 20 of 39
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 GCBE

Barcelona, Spain

GCBE is an independent servicing platform in the unsecured consumer debt segment, specializing in the collection of all types of debts for financial institutions, corporations and distressed debt investors. GCBE was founded in 1980 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 PaxVax

Redwood City, California, United States

PaxVax, Inc. is a fully integrated specialty vaccine company with a mission to develop, manufacture and commercialize innovative vaccines against infectious diseases in a socially responsible manner. PaxVax is based in Redwood City, California.

Buy -
Mergr

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