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KSL Capital Partners, a leading U.S. private equity firm dedicated to investments in travel and leisure, aligned with Real Capital Markets to utilize the Virtual Deal Room (VDR) to distribute an manage acquisition documents to the 29 members of the national deal team who represented KSL in the acquisition of the ClubCorp portfolio.
The RCM1 Client Service Account Manager immediately began work on the KSL Capital website to meet their tight deadline and acquisition requirements. Within hours of the RCM1 and KSL contract, access was granted to specific members of the deal team and 5 days later access was released to the entire 29 member deal team. This allowed KSL to immediately generate, populate, manage and distribute deal documents in a secure and protected environment.
Due to the rigid deadline for the acquisition, KSL Capital required constant communication with their acquisition deal team. The RCM1 Virtual Deal Room allowed them to post files and communicate with users in multiple time zones, around-the-clock. The deal team was able to rapidly upload files by dragging and dropping folders into the Virtual Deal Room while retaining the folder structure and naming regiment. KSL Capital seamlessly posted new files and simultaneously alerted and granted access to users.
KSL Capital relied heavily on the service of their Account Manager as an extension of their Merger & Acquisitions team, depending on them to provide guidance, expertise and best practices for using their virtual data room. KSL was thoroughly trained on the features of the website and given instructions and assistance when posting the documentation needed to underwrite the acquisition. The RCM1 team provided 24/7 support to KSL in order to meet the demanding deadlines as well as accommodate users located around the world.
Since KSL Capital successfully acquired ClubCorp they have continued to use their RCM1 Virtual Deal Room. After deactivating the permissions of the mergers & acquisitions team, they added new administrative users and repositioned the virtual data room as an ongoing tool for Corporate Management and Investor Reporting.
KSL Capital Partners, LLC has over $1.6 billion in committed capital, they focus on acquisitions of complex, operationally intensive businesses and strive to unlock "hidden value" by re-envisioning and repositioning these enterprises through targeted capital expenditures, operational efficiencies and/or enhanced marketing strategies. KSL Capital partners with KSL Resorts to operate nationally recognized resorts such as the Hotel Del Coronado, La Costa Resort & Spa, Barton Creek, The Homestead and Las Palmas.