On the 20th May, 2008 Sarina Bratton, Founder and Managing Director of OEC announced the purchase of the company by US private equity firm KSL Capital Partners, and Cruise Ferry Master Fund (CFMF), a division of German shipping bank DVB.
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In 2006 Club Resorts and its parent company ClubCorp, Inc. were acquired by a private-equity group led by KSL Capital Partners, LLC.