Cerberus’ Acquisition of Club Exploria Resorts Assets


Schulte represented Cerberus Capital Management LP in its affiliate’s acquisition of certain assets of Club Exploria LLC and Club Exploria Resorts, a diversified hospitality, development and management company with a collection of resorts and hotels in Florida, Tennessee and Missouri.

The transaction builds upon Cerberus’ track record in the timeshare industry, including its recent acquisition of the Villas at Tree Tops and Fairway in the Pocono Mountains of Pennsylvania.

Cerberus Capital Management, L.P. is a private equity firm specializing in investments in undervalued companies and distressed corporate debt and securities and Buyouts. The Firm, led by Stephen A. Feinberg, Lenard B. Tessler, Seth P. Plattus, Mark A. Neporent and Jeffrey L. Lomasky, is based in New York.

The Schulte team representing Cerberus was led by M&A and securities partner Michael Gilligan (Picture) and associates Lawrence Natke and Matthew Greenberg, with assistance from associate Brett Jackson. The team also included structured finance & derivatives partner Boris Ziser and associate Stephen Schauder; employment & employee benefits partner Ian Levin; tax partner Alan Waldenberg and associate Elie Zolty; real estate partner Julian Wise and associate Amiel Mandel.

Involved fees earner: Michael Gilligan – Schulte Roth & Zabel; Lawrence Natke – Schulte Roth & Zabel; Matthew Greenberg – Schulte Roth & Zabel; Brett Jackson – Schulte Roth & Zabel; Boris Ziser – Schulte Roth & Zabel; Stephen Schauder – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Alan Waldenberg – Schulte Roth & Zabel; Elie Zolty – Schulte Roth & Zabel; Julian Wise – Schulte Roth & Zabel; Amiel Mandel – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Cerberus Capital;

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Author: Ambrogio Visconti