Date Closed

November 9, 2010

Lead Office

Vancouver

Value

618.00 Million CAD

On November 9, 2010, Intrawest ULC completed its sale of a 75% interest in the partnerships that operate Whistler Blackcomb to Whistler Blackcomb Holdings Inc. for C$618 million.  The consideration paid to Intrawest by WB Holdings consisted of 12,842,500 common shares of WB Holdings and C$463.9 million in cash.

Intrawest ULC, headquartered in Vancouver, British Columbia, engages in the development and management of mountain and beach destination resorts in North America and Europe. The company also manages heli-skiing operations, and golf and beach resort clubs. In additions, it provides resort real estate sales and marketing services for various destinations; rental management services at various resort locations; and vacation reservation services with information on accommodations, air and ground transportation, destination, virtual tours, vacation guides, activities, entertainment, and places to dine. Further, Intrawest ULC engages in real estate development operations.

McCarthy Tétrault LLP represented Intrawest ULC, as vendor, with a team led by Cameron Belsher.