Press Release

Kirkland Represents Cascade Investment Affiliate on Acquisition of Controlling Stake in Four Seasons Hotels and Resorts

Kirkland & Ellis advised an affiliate of Cascade Investment, L.L.C., a private investment entity, on its acquisition of a controlling interest in Four Seasons Hotels and Resorts, the world's leading luxury hospitality company. Cascade will increase its existing 47.5 percent stake to 71.25 percent by purchasing half of the existing 47.5 percent stake owned by an affiliate of its long-term investment partner Kingdom Holding Company for $2.21 billion, valuing Four Seasons at a $10 billion enterprise value. The transaction is expected to close in January 2022 and is subject to customary closing conditions.

Read the transaction press release 

The Kirkland team was led by corporate partners Marty DiLoreto and Sarkis Jebejian and associate Kristen Molloy.