The Private Equity Snow Forecast

Winter is here. Buyout firm KSL Capital Partners has hit the slopes with the acquisition of the bulk of the shares in Squaw Valley Development Company , the owner of California's Squaw Valley USA ski resort. The Denver-based private equity fund, which invests in travel and leisure businesses, has committed itself to spending US$50mn in capital improvements over the next 3-5 years to the resort, which includes 2,850 vertical feet of skiing and the Village at Squaw Valley.

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