Bain Capital acquires stake in Apple Leisure Group

By Michelle Baran
Private investment firm Bain Capital on Thursday completed an equity investment in Apple Leisure Group, the company that includes Apple Vacations, AMResorts and Amstar DMC.

Neither Bain nor Apple revealed the dollar value or equity share of the investment.

Alex Zozaya, formerly president of AMResorts, will take on the new role of CEO of Apple Leisure Group. Tim and Jeff Mullen will remain co-presidents of Apple Vacations and of Amstar DMC, a destination management company.

Gonzalo del Peon, formerly executive vice president of AMResorts, has been appointed president of AMResorts.

Javier Coll, formerly chief financial officer of AMResorts, has been appointed executive vice president and chief strategy officer of Apple Leisure Group.

The Mullens, Zozaya and other top executives will remain significant investors in the business, the company stated.

Follow Michelle Baran on Twitter @mbtravelweekly. 
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