Announced
Completed
Financials
Sources
Tags
Private Equity
Friendly
Private
Completed
Acquisition
Hotels and Motels
United States
lodging facilities
Single Bidder
Venture Capital
Minority
Domestic
Synopsis
Private equity companies Silver Lake, Riverwood Capital and Level Equity Management completed a $108m investment in Vacasa, North America’s vacation rental management platform. “Like many companies in the travel sector, Vacasa experienced challenges as the Covid-19 pandemic took hold. We are incredibly fortunate for the continued support of our investors. As we begin to emerge from this global crisis with an infusion of capital, we are in a very strong financial position to capture consumer demand. We believe there will be a preference shift from hotels to professionally managed vacation rentals as privacy and cleanliness rise to be top priorities for travelers,” Matt Roberts, Vacasa CEO.
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