Through the all-stock deal with the private-equity firm, which is expected to close in the fourth quarter of this year, shareholders will receive $17.12 per share in cash, a premium of about 30.7% over the management firm’s closing stock price on July 7. “With the support of the Apollo funds, we are confident that ClubCorp will be able to continue building on its success,” said Chairman John Beckert.
The Legend of Quail Hollow
What started as a golf-only club is now also a thriving food and beverage venue, thanks to a carefully planned and executed three-step program: improved and expanded facilities, upgraded menus, and creative, value-oriented marketing.
How ClubCorp is Defining the Market…Again
Bolstered by fresh energy and funds from its new owner (KSL Capital Partners), dramatic change-strategic, physical, and cultural-is sweeping through the 150-plus properties rn by the company that’s credited with creating the model for the private club business.