Yellowstone Club Gets New Ownership

Posted By: Zeke Piestrup on May 18, 2009 10:42 pm

CrossHarbor Capital Partners, a Boston based private equity firm, is the proud new poppa of Montana’s private ski area, Yellowstone Club.

On Monday a U.S. Bankruptcy Court downgraded Credit Suisse’s claim to an unsecured creditor, calling a previous loan from Credit Suisse as “predatory.”  The move by Judge Ralph B. Kirscher was supported by the Ad Hoc Yellowstone Club Members Committee, a group that represents a majority of the Yellowstone Club members and homeowners.

CrossHarbor has fronted both the purchase bucks and operating expenses.  Yellowstone Club member contracts will remain intact.  Warren Miller is super stoked!

Zeke Piestrup ( More Posts)

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