M&A Deal Summary |
|
|---|---|
| Date | 2014-09-30 |
| Target | Canongate Golf Group |
| Sector | Leisure |
| Buyer(s) | ClubCorp Holdings |
| Sellers(s) | Parthenon Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 265M USD |
| Advisor(s) | Baird Deloitte (Financial) Kirkland & Ellis Greenberg Glusker Fields Claman & Machtinger (Legal) |
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| Category | Company |
|---|---|
| Founded | 1957 |
| Sector | Leisure |
| Employees | 20,000 |
| Revenue | 1.1B USD (2015) |
ClubCorp Holdings owns and operates golf, country, business, sports, and alumni clubs. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. ClubCorp Holdings was founded in 1957 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 22 |
| Sector (Leisure) | 9 of 22 |
| Type (Add-on Acquisition) | 9 of 21 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 9 of 22 |
| Year (2014) | 3 of 4 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-30 |
TPC Piper Glen
Charlotte, North Carolina, United States TPC Piper Glen is a golf club. TPC Piper Glen hosts PGA and champions tours, and nationwide tour events. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-04 |
Oro Valley Country Club
Oro Valley, Arizona, United States Oro Valley Country Club is a golf course. Oro Valley Country Club was established in 1959 and is headquartered in Oro Valley, Arizona. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 34 |
| Sector (Leisure) | 1 of 1 |
| Type (Add-on Acquisition) | 6 of 15 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 15 of 34 |
| Year (2014) | 2 of 2 |
| Size (of disclosed) | 7 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-23 |
Injured Workers Pharmacy
Andover, Massachusetts, United States Injured Workers Pharmacy is an independent mail order pharmacy serving the needs of injured workers. IWP offers a full range of therapeutic options to ease pain and discomfort caused by injury and meets each patient’s individual needs through a dedicated team of pharmacists. Injured Workers Pharmacy was founded in 2001 and is based in Andover, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-30 |
Stratose
Atlanta, Georgia, United States Stratose is a provider in healthcare cost containment solutions for medical, dental and workers’ compensation payers, third-party administrators, self-funded entities and risk-bearing providers. Stratose was founded in 1995 and is based in Atlanta, Georgia. |
Buy | - |
