Cascade, a private equity firm, agreed to acquire a 23.75% stake in Four Seasons, an international luxury hotel and resort company, from Kingdom Holding, a Saudi conglomerate holding company, for $2.21bn. "Our Company is at yet another key moment in its storied history and the confidence of our shareholders in Four Seasons and our strategic vision help position the iconic Four Seasons brand for continued success," John Davison, Four Seasons CEO.