CMS advises CPI Property Group in the sale of its Crans-Montana mountain business to Vail Resorts, Inc.
Geneva, 1 December 2023
Last Wednesday, 29 November 2023, CPIPG entered into a binding agreement for the sale of ski resort infrastructure assets in the Crans-Montana Mountain Resort valuated at more than of CHF 110 million. The deal covers approximately 84-percent ownership stake in Remontées Mécaniques Crans Montana Aminona (CMA) SA, which controls and runs all the resort's lifts, in addition to several other key assets and properties, including restaurant outlets and a ski school business.
The seller, CPIPG – a leading real-estate portfolio company listed on the Frankfurt Stock Exchange – is one of the largest owners of income-generating real estate across Europe. The purchaser, Vail Resorts – a premier US-based mountain resort company listed on the New York Stock Exchange – operates ski resorts across North America, Switzerland and Australia.
Partner Pascal Favre leads the CMS Corporate/M&A team in Geneva advising CPIPG and handling all legal aspects of this transaction on the seller-side. The team further includes Sr. Associate Audrey Durand, Associate Aye Al-Jarrah and Trainee David Müller.
Our lawyers work across the table from Lenz & Staehelin's team led by Partner Beat Kühni and composed of Partners Tino Gaberthüel and Fabiano Menghini, as well as Associates Stephanie Buschta, Ann Francesca Weibel and Vincent Huynh Dac.
CMS Switzerland
- Dr Pascal Favre, Lead Partner, Corporate / M&A
- Audrey Durand, Senior Associate, Corporate / M&A
- Aye Al-Jarrah, Associate, Corporate / M&A
- David Müller, Trainee, Corporate / M&A
Lenz & Staehelin
- Beat Kühni, Lead Partner
- Tino Gaberthüel, Partner
- Fabiano Menghini, Partner
- Stephanie Buschta, Associate
- Ann Francesca Weibel, Associate
- Vincent Huynh Dac, Associate
