Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
Great Wolf Resorts Accepts Apollo Offer as Bidding Comes to a Close
The battle between KSL Capital Partners and affiliates of Apollo Global Management for Paul, Weiss client Great Wolf Resorts, Inc., North America's largest family of indoor waterpark resorts, came to a close on April 20 as a tender offer by an Apollo affiliate and related back-end merger at a price of $7.85 per share in cash was consummated. Great Wolf announced in March that it had entered into a definitive agreement to be acquired by an affiliate of Apollo Global Management, LLC for approximately $703 million; a back-and-forth bidding war with KSL ensued, increasing Apollo's original offer by $2.85 per share. The final price represents a premium of 171 percent to the six-month average of Great Wolf's share price prior to the announcement of Apollo's original offer. The month-long battle has been widely reported in media outlets including The New York Times, The Wall Street Journal, The Deal Pipeline, Bloomberg News and others.
The Paul, Weiss team included, among others, corporate partners Jeffrey D. Marell and Kelley D. Parker, and counsel Ross A. Fieldston and Didier Malaquin; employee benefits partner Robert C. Fleder and counsel Erin Murphy; litigation partners Martin Flumenbaum, Stephen P. Lamb and Jacqueline P. Rubin; tax partner Jeffrey B. Samuels; environmental counsel William J. O'Brien; and real estate partner Mitchell L. Berg and counsel Andrew S. Wurzburger.