PE-Backed Country Club Operator To Raise $100M In IPO

Law360, New York (July 12, 2013, 5:48 PM EDT) -- Private equity-backed U.S. golf and country club operator ClubCorp Holdings Inc. filed for a $100 million initial public offering Friday, touting its strong membership and performance during the recent financial crisis. 

Dallas-based ClubCorp, which is owned by New York private equity house KSL Capital Partners LLC, said it would use money raised in the IPO to pay down senior long-term debt. The company, founded in 1987 by the Dedman family, was acquired by affiliates of KSL in 2006.

In its prospectus summary, ClubCorp said annual membership...
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