Andermatt Swiss Alps CHF 149 m agreement with Vail Resorts

Vail Resorts, (VR), ski resort oper­at­or, has entered into an agree­ment with Ander­matt Swiss Alps (ASA) to invest CHF 149 mil­lion in the Ander­matt-Sedrun des­tin­a­tion.  

Under the stra­tegic part­ner­ship with ASA, VR will acquire a 55% stake in Ander­matt-Sedrun Sport which oper­ates the des­tin­a­tion’s ski resort.  

The invest­ment will be made through a primary invest­ment of CHF 110 mil­lion for use in cap­it­al invest­ments to enhance the guest exper­i­ence on the moun­tain and a sec­ond­ary share pur­chase from ASA for CHF 39 mil­lion, which will be fully rein­ves­ted into the real estate devel­op­ments in the base area. The trans­ac­tion marks VR’s first stra­tegic decision to invest in, and oper­ate, a ski resort in Europe. 

Advestra advises ASA on all leg­al aspects of the trans­ac­tion. The team com­prises Daniel Raun (pictured), Anna Capaul, Fabi­an Loretan and Mar­lon Ber­to­lini (all cor­por­ate | m&a). 

Lenz & Staehelin advises Vail Resorts on this transaction. The team includes partners Beat Kühni and Tino Gaberthüel (both corporate/m&a), Fabiano Menghini (real estate), Marcel Meinhardt (competition) as well as Alex Wille, Tobias Weber, Rebecca Rötheli, Xavier Grivel, Stephanie Buschta and Jan Küng (all corporate/m&a), Céline Stähelin (real estate), Anja Affolter Marino (employment/pension) and Desirée Stebler (competition).

Suzan Abdien Hago Taha

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