Centerbridge Partners To Acquire Great Wolf Resorts

(RTTNews) - Great Wolf Resorts, Inc. announced that it has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners, L.P. whereby Centerbridge, a leading private investment firm, will acquire Great Wolf, North America's largest family of indoor waterpark resorts. Great Wolf is currently controlled by funds affiliated with Apollo Global Management, LLC (APO).

The Merger Agreement was unanimously approved by the board of directors of Great Wolf. The transaction is expected to close in the 2nd quarter of 2015, subject to customary closing conditions.