In late 2016, Apple Leisure Group was acquired from Bain Capital by KSL Capital Partners and KKR. KKR Names Eco-Innovation Award Winners Firm Recognizes Portfolio Companies Apple Leisure Group, Ramky Enviro Engineers Limited, and Renaissance Parc for Innovative and Environmentally Beneficial Projects NEW YORK-(BUSINESS WIRE)-KKR, a leading global investment firm, today announced three winners of the Firm's fourth KKR Eco-Innovation Award, naming Apple Leisure Group … Its vertically integrated business model and robust infrastructure leverages the expertise of six innovative subsidiaries to deliver exceptional value to savvy travelers and strong resort performance to owners. KKR was formed in 1976, is based in New York City, and has offices throughout the globe. Apple Leisure Group’s collection of leading subsidiaries includes AMResorts (hotel management and marketing services), Amstar (the largest destination management company for Mexico and the Dominican Republic), a portfolio of travel distribution brands (Apple Vacations®, Travel Impressions®, CheapCaribbean.com®), and the exclusive Unlimited Vacation Club travel program. WellBiz Brands, Inc. is a provider of therapeutic massage, and Fitness Together, personalized fitness training solutions. 12, 2020– KKR, a leading global investment firm, today announced three winners of the Firm’s fourth KKR Eco-Innovation Award, naming Apple Leisure Group in First Place and Ramky Enviro Engineers Limited and Renaissance Parc Development as Runners-Up.. KSL Capital Partners LLC is a specialist private equity firm that makes investments in travel and leisure businesses. KKR, a leading global investment firm, today announced three winners of the Firm’s fourth KKR Eco-Innovation Award, naming Apple Leisure Group in Firs If you have any questions regarding your account, please contact [email protected]. Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. West Long Branch, New Jersey, United States. "Nearly 25 years ago, KSL first partnered with KKR to acquire premier hospitality businesses, and we are delighted to once again partner with them to invest in Apple Leisure Group,” said Richard Weissmann, a Partner of KSL. Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. “We are pleased to be partnering with KSL to continue to grow the company and build upon its already premier reputation in the travel industry.” Asked November 1, 2018. 7-Day Free Trial, then $150/Month. Simpson Thacher & Bartlett LLP and Dentons served as advisors to KKR and KSL. ALG’s award-winning subsidiaries include: AMResorts®, provider of hotel management services under six luxury resort brands; Apple Vacations®, the world’s largest tour operator to Mexico and the Dominican Republic; Travel Impressions®, a prominent U.S. wholesaler possessing an extensive global portfolio; CheapCaribbean.com®, a popular online travel agency specializing in luxury vacation packages and resort accommodations in Mexico and the Caribbean; Amstar DMC, a destination management company offering premium airport transfers, tours and excursions; and Unlimited Vacation Club®, AMResorts’ popular guest loyalty program for discerning travelers who expect the very best in a vacation experience. “Apple Leisure Group is a unique franchise with a differentiated market position as well as an impressive management team, ” said KKR Members Paul Raether and Tagar Olson. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. All Rights Reserved.Privacy PolicyTerms of UseRegulatory DisclosuresWeb Fraud and Phishing Warning, Meet the Bain Capital Investor Relations team, US LBM to be Acquired by Bain Capital Private Equity, Ahlström Capital, Bain Capital Private Equity, Viknum and Belgrano Inversiones, announces a recommended public tender offer for all shares in Ahlstrom-Munksjö, Nutanix Announces $750 Million Investment From Bain Capital Private Equity to Support Growth Initiatives. “Apple Leisure Group has emerged as a truly differentiated market leader, with a strong management team executing a strategic growth plan while continuing to deliver exceptional service and real value to leisure travelers,” said Phil Loughlin a Managing Director at Bain Capital Private Equity. What was the hiring process and the background check like? When Apple Leisure Group was sold to private equity giant KKR last year, evidence suggested the leisure travel giant would hunt for more deals to expand its portfolio. The business activities of the undertakings concerned are: KKR: global investment firm, providing asset management services to public and private investors and capital market solutions; KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. Private equity firms KKR & Co. (NYSE: KKR) and KSL Capital Partners LLC have teamed to purchase vacation hospitality company Apple Leisure Group from Bain Capital Private Equity.Terms of the deal were undisclosed. Financial terms of the transaction were not disclosed. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. Apple Leisure Group (ALG) is an American travel and hospitality conglomerate focused on packaged travel and resort/brand management in Mexico, the Caribbean, Latin America, Europe, and the Middle East. KSL’s current portfolio includes some of the premier properties in travel and leisure. The two firms will continue to be majority stakeholders in the combined entity, Zozaya said. This is KKR’s 3rd and KSL Capital Partners’ 14th transaction in the Leisure sector. 26 questions about working at Apple Leisure Group. Launched in 2016, KKR’s Eco-Innovation Award recognizes current projects by KKR… KKR and Dunas Capital signed an agreement to acquire the Intertur hotels The portfolio of 1,119 rooms in Mallorca and Ibiza will be managed by Alua Hotels and Resorts ("Alua") and marketed under the Alua brand from 2018 onwards The investment underlines KKR's strong interest in leisure hotels in Southern Europe LONDON--(May 09, 2017)--KKR, a leading global investment NEW YORK –(BUSINESS WIRE)–Feb. Miraval Arizona Resort & Spa was established in 1995 and is headquartered in Tucson, Arizona. As North America’s only vertically-integrated travel, hospitality, and leisure management group, Apple Leisure Group is an industry innovator that combines the expertise of its leading brands, which grants us the ability to oversee every aspect of the travel experience, from the moment a guest books a trip to the time they return home. For more information on Apple Leisure Group®, visit www.appleleisuregroup.com. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co. “It has been a privilege to work side-by-side with this talented team as we have invested to build the business for the long-term by creating more effective collaboration among the various companies in the group and integrating several acquisitions which added value to the company’s product offerings,” added Ryan Cotton a Managing Director at Bain Capital Private Equity. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich. Apple Leisure Group now owns resort brands, a tour operator, an online travel agency, a vacation packager for agents, and a destination marketing group. KKR's Apple Leisure Group said Friday it is considering a capital raise and has hired financial and legal advisers, Bloomberg News reported, citing people with knowledge of the matter. KSL Capital Partners LLC was founded in 2005 and is based at Denver, Colorado with additional offices in New York, New York and London, United Kingdom. Trisept, launched in 2001, provides travel merchandising innovation to many of the world’s largest travel brands. Apple Leisure Group is a vertically-integrated travel and hospitality company focused on packaged travel and resort/brand management in Mexico and the Caribbean. “We are pleased to be partnering with KKR and KSL for our next phase of growth,” said Alex Zozaya, Chief Executive Officer of Apple Leisure Group. The announcement came Dec. 13 that New York-headquartered KKR, a private equity firm and an … This is KKR’s 5th and KSL Capital Partners’ 1st transaction in Pennsylvania. Vacation company Apple Leisure group said Tuesday it reached a deal to be bought by financial firms KKR & Co. and KSL Capital Partners LLC. KSL is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. “We are pleased to be partnering with KSL to continue to grow the company and build upon its already premier reputation in the travel industry.” I currently live in metro Atlanta, GA area, what available jobs in WAH field are available? As Chief Information Officer for Apple Leisure Group, John leads the ALG information technology team and is also the President of Trisept Solutions, ALG’s award winning leisure travel technology business. Capsugel Belgium NV is a provider of hard capsules and an innovator in drug delivery systems for the pharmaceutical, OTC and health and nutrition industries. With a devoted customer base and thousands of loyal members, we believe Apple Leisure Group has tremendous potential for future growth.”. Since 2005, KSL has raised approximately $7.4 billion in equity capital commitments. Answer. Kohlberg Kravis Roberts & Co. LP (KKR) is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. “Apple Leisure Group is a unique franchise with a differentiated market position as well as an impressive management team,” said KKR Members Paul Raether and Tagar Olson. Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Areas of interest include hospitality, recreation, clubs, real estate and travel services. For more information, please visit www.kslcapital.com. Innocor, Inc. is a provider of consumer-driven polyurethane foam products proven to deliver comfort, relaxation, and rejuvenation. Credit Suisse and Kirkland & Ellis LLP served as advisors to Bain Capital Private Equity. Optiv Security, Inc. is a provider of end-to-end cyber security solutions. KKR and KSL Capital Partners Acquires Apple Leisure Group On December 13, 2016, private equity firms KKR & Co. L.P. and KSL Capital Partners LLC acquired leisure company Apple Leisure Group from Bain Capital Private Equity KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. under Sleep Innovations®, Novaform® and other brands. See insights on Apple Leisure Group including office locations, competitors, revenue, financials, executives, subsidiaries and … The Bain Capital square symbol is a trademark of Bain Capital, LP. Apple Leisure Group to Be Acquired By KKR and KSL Capital Partners PHILADELPHIA, December 13, 2016 – Apple Leisure Group, a leading hospitality company, today announced that KKR and an affiliate of KSL Capital Partners (KSL) have entered into a definitive agreement to acquire the company from Bain Capital Private Equity. KKR and KSL Capital acquired Apple Leisure … Apple Leisure Group has 614 employees at their 1 location. It is the parent corporation of resort and … KKR’s investment is being made principally from its eleventh Americas Private Equity investment fund. The process was planned and executed very smoothly, Answered January 28, 2019. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. Philadelphia-based Apple Leisure Group® is a leading hospitality company in the North American travel industry. Financial … “We have spent several years searching for the right opportunity in the Caribbean, and could not be more pleased to partner with Apple Leisure Group and its talented management team and employees. Capsugel offers a comprehensive array of products and services, from hard gelatin, vegetarian and liquid-filled capsules, to innovative R&D equipment and liquid formulations as part of its Licaps Drug Delivery System. “We are pleased to be partnering with KSL to continue to grow the company and build upon its already premier reputation in the travel industry.”. Currently, Apple Leisure Group is one of Bain Capital’s portfolio companies. Terms of the transaction weren't disclosed but the deal is expected to close in the first quarter of 2017 assuming it clears all customary regulatory hurdles. Apple Leisure is a Newtown Square, Pennsylvania-based travel and hospitality group that focuses on all-inclusive packaged travel and hotel … Innocor Comfort®, the consumer products division, manufactures advanced memory foam products including pillows, mattress toppers, mattresses, etc. “They share our commitment to the vision of Apple Leisure Group as we continue to deliver great results to travelers, guests and hotel owners. Our team of more than 220 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. This past December, Apple Leisure Group agreed to a buyout led by KKR and KSL Capital Partners. PHILADELPHIA, December 13, 2016 – Apple Leisure Group, a leading hospitality company, today announced that KKR and an affiliate of KSL Capital Partners (KSL) have entered into a definitive agreement to acquire the company from Bain Capital Private Equity. Innocor, Inc. was founded in 1996 and is based in West Long Branch, New Jersey. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. The transaction is expected to close during the first quarter of 2017, and is subject to customary regulatory approvals. “Apple Leisure Group is a unique franchise with a differentiated market position as well as an impressive management team,” said KKR Members Paul Raether and Tagar Olson. “We are pleased to be partnering with KSL to continue to grow the company and build upon its already premier reputation in the travel industry.” KKR will consider investments in a broad range of industries located in North America, Europe, Asia, and Australia/New Zealand. The nuances of the agreement have not yet been disclosed and the deal is expected to close in the first quarter of 2017. KSL Capital Partners is the successor investment vehicle to KSL Recreation Corporation, a former portfolio company of KKR. Apple Leisure Group is North America’s top seller of all-inclusive vacation packages, with a vertically integrated business model that leverages its capabilities and expertise to deliver exceptional value to travelers, and distribution reach and resort management expertise for hotel owners. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. We are extremely appreciative of Bain Capital Private Equity’s partnership and support in executing our growth mission and helping us strengthen our leadership position over the past four years.”, “Apple Leisure Group is a unique franchise with a differentiated market position as well as an impressive management team,” said KKR Members Paul Raether and Tagar Olson. meaning of Article 3(1)(b) of the Merger Regulation joint control of Apple Leisure Group ("ALG", USA) by way of purchase of shares.3 2. © 2012-2020 Bain Capital, LP. References to KKR's investments may include the activities of its sponsored funds. Financial terms of the transaction were not disclosed. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact. No endorsement of Bain Capital is intended by the use of such trademarks. Private-equity companies KSL Capital Partners and KKR have agreed to acquire Apple Leisure Group from Bain Capital for an undisclosed price. Zozaya, the CEO of Apple Leisure, will serve as the CEO of the combined companies. The Firm is separated into three business segments which include private markets, public markets, and capital markets and principal activities. Apple Leisure Group, a travel conglomerate that sells vacations and manages resort brands, has hired a new chief executive to prepare … Apple Leisure Group announced Tuesday that it will be acquired by KKR and KSL Capital Partners, which have reached a definitive agreement with the group's parent Bain Capital Private Equity. This is KKR’s 86th and KSL Capital Partners’ 12th transaction in the United States. Company help clients plan, build and run successful cyber security programs that achieve business objectives through depth and breadth of cyber security offerings, extensive capabilities and proven expertise in cyber security strategy, managed security services, incident response, risk and compliance, security consulting, training and support, integration and architecture services, and security technology. Try For Free PHILADELPHIA– Apple Leisure Group, a leading hospitality company, today announced that KKR and an affiliate of KSL Capital Partners (KSL) have entered into a definitive agreement to acquire the company from Bain Capital Private Equity. Explore KKR's portfolio of investments and partner companies. As the Inbound Report predicted last month (Nov. 10 issue), Boston-based venture capital firm Bain Capital Private Equity was expected to complete the sale of its Apple Leisure Group (which includes the operator Apple Vacations®) by this month.And it has. The trademarks and logos above are used for reference purposes only, and are the property of their respective owners. Miraval Arizona Resort & Spa is a provider of wellness and mindfulness experiences. “Apple Leisure Group is a unique franchise with a differentiated market position as well as an impressive management team,” said KKR Members Paul Raether and Tagar Olson. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. “Apple Leisure Group is a unique franchise with a differentiated market position,” said KKR Members Paul Raether and Tagar Olson. PHILADELPHIA-- (BUSINESS WIRE)--Apple Leisure Group, a leading hospitality company, today announced that KKR and an affiliate of KSL Capital Partners (KSL) have entered into a definitive agreement to acquire the company from Bain Capital Private Equity. KSL has offices in Denver, CO; Stamford, CT; and London. KSL is a hands-on investor, with a strong interest in pursuing under-managed or under-capitalized businesses where the firm can unlock hidden value. Apple Leisure Group, first with the financial backing of Bain Capital in 2013, and now under the ownership of KSL Capital Partners and KKR, has managed … KKR is proud to announce the winners of the fourth KKR Eco-Innovation Award: Apple Leisure Group in First Place and Ramky Enviro Engineers Limited and Renaissance Parc Development (the former Renaissance Hotel redevelopment project) as Runners-Up. SquareTrade, Inc. is a developer of software products to protects mobile devices, laptops and tablets, and other consumer electronics and appliances from malfunctions, accidental damage and life’s frequent mishaps. Bain Capital Investor Portal Please log in to access your account information. Apple Leisure Group focuses on trips to regions including Mexico and the Caribbean. It specializes in all-inclusive resorts, which sell lodging, food and other services for a … Equity ( BCPE ), is based in west Long Branch, New Jersey, United States and has throughout! 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