Putting an end to a bidding war between two private equity firms, Great Wolf Resorts has approved a purchase by Apollo Global Management.
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 bid.
