Centerbridge to Buy Apollo's Great Wolf Resorts for $1.35B
March 25, 2015
Centerbridge Partners has reportedly agreed to acquire Great Wolf Resorts from Apollo Global Management for $1.35 billion, including debt. The deal is said to value the company at more than 10x EBITDA. With 13 locations, Great Wolf Resorts is North America's largest family of indoor waterpark resorts. Apollo, which stands to return 2.5x on its investment, acquired the company through a $700 million take-private buyout in 2012.