Centerbridge Partners Looking to Sell Suntex Marinas Stake: FT

Centerbridge Partners is working with advisers to offload a minority stake in Suntex Marinas, the Financial Times reports, citing people familiar with the matter.

• Sale could value Suntex at about $4b
• Separately, KSL Capital Partners is said to have hired advisers to sell its Southern Marinas business, eyeing a valuation approaching $1b
• No guarantees either sale process would result in a deal
• Centerbridge, KSL and Suntex declined to comment to the FT; Southern did not immediately respond to FT’s request for comment

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