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CHANIN CAPITAL PARTNERS RETAINED BY RAINTREE RESORTS INTERNATIONAL
New York, NY – March 31, 2003 --
Chanin Capital Partners, a boutique investment bank that specializes in financial restructurings and mergers and acquisitions advisory services, has been engaged by Raintree Resorts International to lead the effort in recapitalizing its business.
“Our goal is to help create an improved capital structure so that Raintree is well-positioned to take advantage of the opportunities available in today’s market for established vacation ownership companies,” according to Mark Rubin, Director at Chanin Capital Partners.
About Chanin Capital Partners Chanin Capital Partners is a specialty investment bank. Its primary lines of business include financial restructurings and mergers & acquisitions, and comprise more than 45 professionals working in Dallas, London, Los Angeles, and New York. Since its founding in 1990, Chanin has completed more than $90 billion in financial recapitalization and restructuring transactions. In addition, it has consummated more than $40 billion in mergers & acquisitions transactions, and rendered hundreds of valuations and fairness and solvency opinions. For more information, please visit Chanin’s website: www.chanin.com.
About Raintree Resorts International Headquartered in Houston, Texas, and founded in 1996, Raintree Resorts International has grown to become a multi-national resorts company that also includes Club Regina Resorts in Mexico: Cancun with 69 units, Puerta Vallarta with 204 units and Los Cabos with 130 units; and the Cimarron Golf Resort in the Palm Springs area, a 242-unit development of which 40 units were completed in 2000, the Whiski Jack Resorts, the leading vacation ownership company in Whistler, British Columbia, Canada; and The Teton Club, a fractional ownership, 37-unit luxury ski-in, ski-out lodge in Teton Village, Jackson Hole, Wyoming. In addition, RRI is developing a collection of boutique hotels, the first of which is the Villa Vera Hotel & Racquet Club, and recently the Villa Vera Puerto Mio Hotel in Zihuatanejo. For more information, please visit Raintree’s website: www.raintreeresorts.com.
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