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Genesis Capital Advises KSL Capital On its Offer to Acquire Sea Island Company

Genesis Capital Advises KSL Capital On its Offer to Acquire Sea Island Company

Genesis Capital advised KSL Capital on its attempt to acquire the Sea Island Company.  The 84-year-old resort is famed for its Cloister hotel, four golf courses, exclusive clubs, a private development called Ocean Forest Golf Club, and hosting a Group of Eight summit in 2004. Sea Island hit a financial wall when it couldn’t repay debt taken on by Bill Jones III, the company’s CEO and the fourth generation of his family to lead Sea Island, as part of a $395 million renovation and expansion in 2006 and 2007. The Sea Island Company was ultimately acquired by Anschutz Corp., Avenue Capital Group, Oaktree Capital Management LP and Starwood Capital Group Global for $212.4 million

Company Type: Private Companies

Transasction Type: Restructuring

Industry: Leisure / Entertainment, Real Estate