sale to ClubCorp Holdings

Technology & Services
sale to ClubCorp Holdings

Summary

Baird served as financial advisor to Sequoia Golf Group on this transaction.

About

Sequoia Golf Group, LLC (“Sequoia” or the “Company”), a portfolio company of Parthenon Capital Partners (“Parthenon”), was recently acquired by ClubCorp Holdings, Inc. (“ClubCorp”) (NYSE: MYCC) for $265 million.

Sequoia is a highly successful golf course ownership and property management company. Sequoia currently owns or operates 50 private and public golf facilities located across the United States. The portfolio includes the world-class 63-hole Woodlands Country Club located in the award winning master-planned community of The Woodlands, Texas, a collection of four Atlanta-based premium high end clubs under the Sequoia umbrella, 25 private clubs operated under the Canongate brand affiliation and a select group of golf properties managed for institutional owners, corporations, private investors and equity memberships. Sequoia is headquartered in Atlanta, Georgia.

Parthenon is a private equity investment firm, with principal offices in Boston and San Francisco, focused on investments in middle market companies. Since its founding in 1998, Parthenon has completed over 50 platform acquisitions and 200 add-on acquisitions representing more than $5 billion in value.

ClubCorp is a leading owner-operator of private golf and country clubs, business, sports and alumni clubs in North America. ClubCorp owns or operates a portfolio of approximately 160 golf and country clubs, business clubs, sports clubs, and alumni clubs in 25 states, the District of Columbia and two foreign countries that serve over 370,000 members, with approximately 15,000 peak-season employees. ClubCorp is headquartered in Dallas, Texas.

For additional information about this transaction, please contact:

Brian Doyal +1 (312) 609-4916
Chris Harned +1 (312) 609-4999
Jordan Klein +1 (312) 609-4978
Les Cheek +1 (617) 426-5789
Satoshi Matsumoto +1 (312) 609-5446
Technology & Services
sale to ClubCorp Holdings
Date
September 2014
Company
Sequoia Golf Group
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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