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New Deal


Announced

Centerbridge and Resilient Capital Partners announced the recapitalization of Suntex Marinas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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leisure facilities

Recreational Services

Acquisition

Pending

United States

Private

freshwater marinas

Friendly

Domestic

Single Bidder

Majority

marinas

Restructuring

Private Equity

Synopsis

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Centerbridge and Resilient Capital Partners, two private equity firms, announced the recapitalization of Suntex Marinas, the largest standalone, pure-play owner of marinas in the United States. Financial terms were not disclosed. "The marina industry sits at the intersection of two of our high conviction themes–Leisure & Experience and Storage–and we're confident that this investment has the right mix of talent and capital to allow the Company to capitalize on a significant opportunity set," William Rahm, Centerbridge Senior Managing Director and Global Head of Real Estate.

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