Legislation360 (January 6, 2021, 7:50 PM EST) — Kirkland & Ellis LLP mentioned Wednesday it has suggested Wyndham Locations Inc. on its $100 million acquisition of Meredith Corp.’s Journey + Leisure publication in a deal that can mix the timeshare big’s 230 resorts with the journal and its membership-based journey golf equipment and companies.
Wyndham Locations, based mostly in Orlando, Florida, will change its title to Journey + Leisure Co. and purchase all of the model’s belongings from Meredith underneath the phrases of the transaction, funding it with $35 million in money at closing adopted by trailing funds to be accomplished by June 2024, the businesses mentioned in a press release.
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