Silver Lake Group LLC and two other private equity firms forced a vacation rental management business into an discounted sale so they could reinvest on the cheap, according to a lawsuit unsealed Friday.
A former Vacasa Inc. retail shareholder is suing Silver Lake, Level Equity Management LLC, and a Riverwood Capital affiliate, saying they exploited their control over the company to drive negotiations toward a buyout by Casago Holdings LLC that steered value to themselves. Vacasa’s deal committee, meanwhile, allowed the financial sponsors to wield certain tax rights as a veto over any other transaction, according to the complaint filed ...
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