Deals
Centerbridge Is Considering Options for Great Wolf Resorts
- Buyout firm’s move came after unsolicited takeover interest
- Great Wolf could fetch more than $3 billion, one person said
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Centerbridge Partners is considering strategic options for indoor water-park operator Great Wolf Resorts Inc., according to people with knowledge of the matter.
The buyout firm is working with advisers to weigh alternatives including raising capital for growth, or a sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The initiative came in response to unsolicited takeover interest in Great Wolf, which could fetch more than $3 billion in a sale, one of the people said.