Owner of Eagle’s Nest Country Club going private in $1.1B deal

Despite assuring investors in April that it wouldn’t sell, ClubCorp is being acquired by Apollo Global Management in a $1.1 billion deal.

Dallas-based ClubCorp, which owns and operates 200 golf, country, business, sports and alumni clubs in 28 states, Washington D.C. and two foreign countries, said its board of directors unanimously approved a purchase by investment funds managed by affiliates of Apollo.

The funds will take the company private in an all-cash deal, paying $17.12 per share, or…

from http://www.bizjournals.com/baltimore/news/2017/07/11/owner-of-eagle-s-nest-country-club-going-private.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/162865606937

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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