Form 4: Vacasa Completes Merger with Casago Holdings, Silver Lake Group Entities Contribute Shares

Silver Lake Group and affiliated entities contributed their Vacasa shares and units to Casago Holdings, LLC in exchange for equity interests in the parent company, following the completion of the merger on April 30, 2025.

Summary

• Vacasa, Inc. completed its merger with Casago Holdings, LLC on April 30, 2025.
• As part of the merger agreement, certain entities affiliated with Silver Lake Group contributed their holdings of Vacasa Class A common stock and common units to Casago Holdings in exchange for equity interests.
• SLP V Venice Feeder III, L.P. contributed 3,101,156 shares of Class A common stock.
• SLP Venice Holdings, L.P. contributed 1,959,525 shares of Class A common stock and 484,250 common units.
• The contribution was made at a price of $5.30 per share.
• The reporting persons include SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Silver Lake Technology Associates V, L.P., SLP V Aggregator GP, L.L.C., SLP Venice Holdings, L.P., and SLP V Venice Feeder I, L.P.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to a merger. The sentiment is neutral as it primarily reports factual information about the transaction.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects a significant consolidation event in the vacation rental management industry, with Vacasa being acquired by Casago Holdings, LLC.

Stakeholder Impact

• Shareholders of Vacasa have had their shares converted into equity interests in Casago Holdings, LLC.
• The merger may impact employees of both Vacasa and Casago Holdings, LLC, although the specific details are not provided in this document.

Key Dates

Keywords

Merger, Vacasa, Casago Holdings, Silver Lake Group, Share Contribution, Class A Common Stock, Common Units, Equity Interests