Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
Apollo to Acquire ClubCorp for $2.2 Billion
- Client News
- July 9, 2017
As reported by The Wall Street Journal, Bloomberg and other media outlets, ClubCorp, one of the largest owners and operators of private golf and country clubs in the U.S., announced that it had agreed to be acquired by funds managed by affiliates of Paul, Weiss client Apollo Global Management, LLC for $17.12 per share in cash. The acquisition, expected to close in the third quarter of this year, has a total value (including debt) of $2.2 billion. Upon completion, ClubCorp will become a privately held company.
The M&A team included, among others, corporate partner David Beller. The Financing team included corporate partners Gregory Ezring, Mark Wlazlo and Brian Janson. The Tax team included tax partner Brad Okun. The Investment Funds team included counsel Matthew Goldstein. The Employee Benefits team included employee benefits partner Lawrence Witdorchic. The Regulatory team included counsel Peter Jaffe. The Litigation Team included litigation partner Lewis Clayton. The Intellectual Property team included intellectual property partner Chuck Googe. The Real Estate Team included real estate partner Mitchell Berg. Assistance was also provided by counsel Lisa Koff.