Putting an end to a bidding war between two private equity firms,
Great Wolf Resorts has approved a purchase by Apollo Global
KSL Capital Partners, the other firm vying to purchase the Madison
Wisc.-based waterpark resort operation, dropped out after Apollo
submitted a bid of $7.25 per share, according to reports.
New York-based Apollo, and Denver-based KSL had been competing for
the purchase since mid-March, when Apollo submitted its initial