2023/06/17

BDA introduces growth investors to Windham Mountain

raised growth capital from

Beall Investment Partners and

2023

BDA Partners is pleased to announce that it has successfully introduced new strategic and financial investors to Windham Mountain, on behalf of Windham’s existing shareholders.

The new investment comes from two hospitality and resort development families whose combined industry experience is over a hundred years: the Beall family, and the Kemmons Wilson family, who are behind the Holiday Inn hotel chain. This new investment will provide growth capital and additional resources to the current management team, allowing Windham Mountain to continue to evolve, creating a premium year-round family resort experience.

Windham Mountain is in the Catskills and famous for its world-class skiing and snowboarding with 54 trails on 285 skiable acres. Windham is two and a half hours north of New York City.

Over the past 5 years, Windham’s Board and investor group – including North Castle Partners, Cloverhill Group, and the McGuffog and Starker families – have partnered with management to drive substantial investments in the mountain experience, in particular in upgrades to snowmaking and chairlifts.

Euan Rellie, Managing Partner at BDA, said: “We’re pleased to have introduced high quality investors to help take Windham to the next phase of its development. This is BDA’s second ski resort transaction. It adds to our track record in the global consumer, leisure & hospitality sectors.”

Deal team

About Windham Mountain

Windham Mountain is a premier multi-generational, four-season resort in the Northeast, located in the Great Northern Catskills, two and a half hours north of New York City. In 1960, Windham started as a private club before becoming a public mountain. Boasting 285 skiable acres across 54 trails, and serviced by 11 lifts (four of which are high speed), the mountain offers an award-winning Ski and Ride School, lodging, on-mountain dining, a tubing park, and world-class alpine and freestyle competition teams. Summer offerings include a range of activities, such as mountain getaways, family-friendly events and festivals, wedding and special occasion venues, the Windham Downhill Mountain Bike Park and the Windham Country Club, an 18-hole golf course with private lessons and on-site dining.

About BDA Partners

BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with over 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes.

BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets. bdapartners.com

US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc., a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorized and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors.

Recent transactions