Intrawest Resorts Holdings, Inc., a leading North American mountain resort and adventure company, acquired the 50 per cent interest in Blue Mountain Ski Resort that it did not already own from Blue Mountain Resorts Holdings Inc. for $58.0 million, subject to adjustments.
Intrawest acquired a 50 per cent interest in Blue Mountain in 1999 and since that time the resort had been operated as a joint venture between Intrawest and the Vendor.
Blue Mountain Ski Resort is the largest mountain resort in Ontario and is located near Collingwood, an approximately 90-minute drive from Toronto.
Intrawest was represented by its in-house counsel led by Joshua Goldstein and including Karen Bradley, Thierry Brossard and Jennifer Friednash.
In addition, Intrawest was represented by Blake, Cassels & Graydon LLP with a team that included Mark Adkins, Jamie Koumanakos and Chris Salamon (corporate and M&A), Robert Kopstein and Janette Pantry (tax); Jason Gudofsky and Kate Mc-Neece (competition); Silvana D’Alimonte (real estate); Holly Reid (employment); Gary Daniel (intellectual property) and Jeffrey Sommers and Adam Ngan (benefits).
The Vendor’s legal team was led by Kristen Douglas, General Counsel, with assistance from Davies Ward Phillips & Vineberg LLP. The Davies team was composed of Ger-old Goldlist and Brett Anderson (corporate and M&A).