Centerbridge Completes $1.35B Buy of Great Wolf from Apollo
May 14, 2015
Centerbridge Partners has completed its acquisition of Great Wolf Resorts from Apollo Global Management; the deal was previously reported to be valued at $1.35 billion, including debt. Opening its first resort in 1997, Great Wolf is North America's largest family of indoor waterpark resorts. Apollo acquired the company in 2012 via a $703 million take-private buyout that included the assumption of Great Wolf's debt; the investment will reportedly result in a 2.5x ROI.