KSL Capital Partners Buys 24% Stake In 2010 Winter Olympics Resort
Travel and leisure buyout house KSL Capital Partners has bought a 24% stake in the official ski resort of the 2010 Winter Olympics, Whistler Blackcomb, according to ALT ASSETS. KSL has "acquired more than nine million shares" in the Canada-based company from resort operator Intrawest at $12.75 each, in conjunction with an Intrawest refinancing. Whistler Blackcomb CEO Bill Jensen and Directors Wes Edens and Jonathan Ashley have "all resigned following the deal," while COO Dave Brownlie has become president and CEO. KSL co-Founder and managing partner Eric Resnick and partner Peter McDermott will both join the company’s board to replace the outgoing directors (ALT ASSETS, 12/4).