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Apollo Global Management to Acquire Dallas-Based ClubCorp for $1.1B

ClubCorp operates out of the building at 3030 LBJ Freeway in Dallas. (Image courtesy of LoopNet Inc.)

DALLAS — Apollo Global Management LLC will acquire Dallas-based ClubCorp (NYSE: MYCC), which owns and operates approximately 200 properties throughout the United States, Mexico and China, most of which are golf and country clubs, for $1.1 billion. Under the terms of the deal, Apollo will acquire all of ClubCorp’s outstanding shares for $17.12 per share in cash. The sale is expected to close during the fourth quarter.

 

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