Private equity firm KSL Corp. raised its bid for Great Wolf Resorts by 12% to $234 million as it works to top rival buyout group Apollo Global Management, Reuters reported. Great Wolf, North America’s largest operator of indoor water parks, said in a statement that it had received an unsolicited letter from KSL proposing to [...]
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KSL Capital Partners will pay an undisclosed amount for The Squaw Valley Development Company, which operates the Squaw Valley ski resort. Financial terms of the deal were not released, though the companies said the acquisition would close by the end of the year. Squaw Valley is located near Lake Tahoe in Northern California and is comprised of more than 4,000 acres. KSL Capital Partners has offices in Denver and New York, and focuses on investments in the travel and leisure industries.