Mr. Simon served as co-lead expert on behalf of Diamond Resorts in an action brought by a group of shareholders of the public company. The action was a corporate appraisal action in the Delaware Chancery Court.

The Challenge

Diamond Resorts was a public company which was purchased by Apollo Global Management and taken private.  A number of shareholders, primarily institutions initiated an appraisal action in Delaware Chancery Court to challenged the purchase price consideration and sought additional consideration.

The Solution

Chasen Capital acting as the lead expert for the defense met with Diamond’s legal advisors, developed a plan to identify the value of Diamond Resorts and compare that to the value paid by Apollo.  Chasen conducted a detailed master benchmarking analysis comparing Diamond to all of the other major public timeshare companies and was able to specifically identify a series of key financial and market metrics which substantially impacted Diamond’s overall valuation such that it supported the purchase price by Apollo.