PE-Backed ClubCorp Seeks Up To $324M From IPO

Law360, New York (September 9, 2013, 2:21 PM EDT) -- Private equity-backed U.S. golf and country club operator ClubCorp Holdings Inc. will seek to raise up to $324 million in its initial public offering, giving the company an implied valuation of up to $1.1 billion, the Texas club operator said in a regulatory filing Monday.

ClubCorp, which is owned by New York private equity firm KSL Capital Partners LLC, said in its U.S. Securities and Exchange Commission filing that it plans to sell a total of 18 million shares. The club operator said the estimated price...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.