Hilton Grand Vacations, a global timeshare company, completed the acquisition of Diamond Resorts International, a timeshare company, from Apollo Global Management and Reverence Capital Partners, for $1.4bn. “This strategic combination will leverage the strengths of each company, positioning us to drive significant Net Owner Growth while enhancing efficiencies of scale and generating significant shareholder value. Diamond’s extensive regional, drive-to network of resorts and expanded demographics uniquely complement HGV’s best-in-class lead generation, world-class hospitality, and premier destinations backed by the strength of the Hilton brand. For our valued team members, owners and guests, this combination creates new opportunities to provide exciting destinations and memorable vacation experiences while continuing to provide exceptional levels of service,” Mark Wang, Hilton Grand Vacations President and CEO. ON July 28, 2021, Hilton Grand Vacations' shareholders approved the deal with Diamond Resorts International.