Private equity firm buys Great Wolf Lodge operator

Apollo Global Management has agreed to buy Great Wolf Resorts, the owner of Great Wolf Lodge in Concord and other indoor water parks, after a bidding war with another private equity firm. Apollo agreed to pay $7.85 a share for Madison, Wis.-based Great Wolf, after pressure from shareholders and rival KSL Capital Partners pushed the price up from Apollo’s initial bid of $5 per share. Late Friday, KSL notified Great Wolf it would not submit any further bids. CONTINUE READING AS YOU ENTER THE WORLD OF THE #charlotteobserver

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