Apollo selling Great Wolf Resorts to Centerbridge reportedly for $1.35 billion

Posted Friday, March 27, 2015 8:38 AM | Contributed by Drew2876

Private equity firm Centerbridge Partners LP has reached a deal to acquire Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, for $1.35 billion, including debt, people familiar with the matter said on Tuesday.

Read more from Reuters and the press release on PR Newswire.

Friday, March 27, 2015 8:24 PM

This is what Apollo was going to do with Cedar Fair if that deal had gone through. It seems to me that I read somewhere that Centerbridge is made up of former Blackstone executives, so at least they have some background in the hospitality/entertainment industry.

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Friday, March 27, 2015 9:49 PM

I get the impression that they must have been somewhat hands off. We got to know a few people in the org when my wife was doing the ask-a-mom thing for them, and it seems like a lot of people had a very long tenure with the company. I would expect a "handsy" owner to replace a lot of senior people with their own.

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