MADISON, Wis — The bidding war for Great Wolf Resorts continues.
In the latest news, private equity firm KSL Capital Partners raised its offer to acquire Great Wolf Resorts to $7.25 per share, a day after Apollo Global Management increased its bid to $7 to acquire the largest operator of indoor water parks in North America.
Apollo now has three days to match or outbid KSL’s $242-million offer.
Great Wolf Resorts has been on the market for a year. Apollo and KSL have been the biggest contenders.