Ski Resort Operator Intrawest Taken Private In $1.5B Deal

Law360, New York (April 10, 2017, 3:40 PM EDT) -- Aspen Skiing Co. LLC and KSL Capital Partners LLC have agreed to buy North American mountain resort and adventure company Intrawest Resorts Holdings Inc. in a deal worth roughly $1.5 billion, including debt, the companies said on Monday.

Under the terms of the deal, Intrawest stockholders will receive $23.75 in cash per share, with the company technically being acquired by a newly formed entity controlled by affiliates of Aspen Skiing and KSL Capital, according to a statement. The name of the entity was not disclosed. That...
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