Simpson Thacher is representing ClubCorp Holdings, Inc. (NYSE: MYCC), or “ClubCorp,” in connection with its proposed sale to an affiliate of Apollo Global Management, LLC for $17.12 per share in an all cash transaction and the assumption of outstanding indebtedness. The purchase price represents an aggregate equity value of approximately $1.1 billion. The transaction, which is expected to close during the fourth quarter of 2017, is subject to stockholder and regulatory approvals and other customary closing conditions.
ClubCorp is a membership-based leisure business and a leading owner-operator of private golf and country clubs for business, sports and alumni clubs in North America.
The Simpson Thacher team includes Bill Brentani, Atif Azher, Dena Acevedo, Victoria Tam, Duncan Taylor and Will Haynes (M&A); Ryan Coombs and Kelli Schultz (Capital Markets); Brian Steinhardt (Banking and Credit); Tristan Brown and Paul Barrus (Executive Compensation and Employee Benefits); Jacqueline Clinton (Tax); Marcela Robledo and Amber Harezlak (Intellectual Property); Adeeb Fadil (Environmental); and Ellen Frye, Kelly Karapetyan and William Kearney (Antitrust). Summer Associate Ryan Chan also provided valuable assistance.