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Apollo Global to buy US golf course operator ClubCorp for US$1.1b
Add BT as a preferred sourcePublished Mon, Jul 10, 2017 · 09:50 PM
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New York
PRIVATE equity firm Apollo Global Management LLC said on Sunday it had agreed to acquire ClubCorp Holdings Inc, one of the largest owners and operators of private golf and country clubs in the United States, for US$1.1 billion.
The deal comes three months after ClubCorp announced the retirement of is CEO Eric Affeldt and said that it had decided not to pursue a "strategic transaction", after efforts to explore a sale did not result in any offer for the entire company.
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