CrossHarbor Acquires Bankrupt Yellowstone Club

Law360, New York (May 19, 2009, 12:00 AM EDT) -- Private equity firm CrossHarbor Capital Partners LLC has agreed to buy the bankrupt Yellowstone Club for $115 million, thus ending an acrimonious dispute with Credit Suisse Group AG.

The deal, disclosed Monday in a filing with the U.S. Bankruptcy Court for the District of Montana, was reached between CrossHarbor, Credit Suisse, the debtors and the official committee of unsecured creditors.

Under the terms of the agreement, Boston-based CrossHarbor will pay $35 million in cash and assume $80 million in debt owed to Credit Suisse. CrossHarbor is...
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