Successful Completion of Great Wolf Resorts Acquisition

As announced at the end of last week, Apollo Global Management’s acquisition of North America’s family of indoor waterpark resorts, Great Wolf Resorts, was completed successfully. We reported on this issue on our web page (news from 23 April 2012) during the last weeks. In mid-March, affiliates of Apollo and Great Wolf entered into a definitive merger agreement. Aaron Stone, a Partner at Apollo Global Management, commented, “We are very excited to have completed the acquisition of Great Wolf. Since the beginning of this process, we have been extremely impressed with Great Wolf, including its management team and the exceptional family destination resorts that it operates.” Kim Schaefer, CEO of Great Wolf, said, “All of us at Great Wolf are very excited about partnering with the team at Apollo and what that partnership will mean for our next phase of growth, as well as the benefits it offers to our employees and the communities we serve. Apollo’s proven investment track record and access to capital will facilitate the continued expansion of Great Wolf as a premier family vacation destination.” The family vacation resort chain has also announced to invest in a number of new attractions and experiences in its eleven waterparks. We will keep you updated. (eap)