Lenz & Staehelin: Vail Acquires Crans-Montana Mountain Resort

Vail Resorts has revealed plans to acquire an 84% ownership stake in Remontées Mécaniques Crans Montana Aminona (CMA), the entity managing the renowned Crans-Montana Mountain Resort in Switzerland. This acquisition includes an 80% ownership share in SportLife, the operator of a ski school within the resort, and 11 mountain-adjacent restaurants. The estimated valuation for these resort operations is CHF 118.5 million, with the transaction expected to conclude during the 2023-24 ski and ride season, pending customary closing conditions.

Lenz & Staehelin advises Vail Resorts on this transaction. The team includes partners Beat Kühni (pictured left), Tino Gaberthüel (pictured centre) and Roman Graf (all corporate/M&A, pictured right), Fabiano Menghini (real estate), Marcel Meinhardt (competition) as well as Ann Francesca Weibel, Vincent Huynh Dac, Stephanie Buschta, Flavia Lanz and Jérémie Bongiovanni (all corporate/M&A), Alex Coulaud, Cécile Christen and Noémie Ammann (all real estate) and Jacomo Restellini (employment/pension).