ΒιΆΉ΄«Γ½ served as lead timeshare counsel to Hilton Grand Vacations Inc. (βHGVβ) in its Bluegreen Vacations, a leading vacation ownership company, for $75 per share in an all-cash transaction, representing a total consideration of approximately $1.5 billion, inclusive of net debt.
The transaction will increase HGVβs membership base from 525,000 to more than 740,000 and its resort portfolio from 150 to nearly 200 properties in 14 geographies and eight new states. The acquisition is also expected to expand and diversify HGVβs lead flow through Bluegreen Vacationsβ partnerships, including a 10-year exclusive marketing agreement with Bass Pro Shops.
HGV is a leading global timeshare company and the exclusive vacation ownership partner of Hilton. With headquarters in Orlando, Florida, HGV develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations.
The ΒιΆΉ΄«Γ½ team representing HGV was led by partner William Guthrie and included partners Daniel Bachrach, Matthew Jassak, of counsel Richard Caron, and special counsel Jennifer Hayes.
ΒιΆΉ΄«Γ½ is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, ΒιΆΉ΄«Γ½ has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.
