The Firm represented ClubCorp Holdings, Inc. (“ClubCorp”), a portfolio company of KSL Capital Partners, LLC, and a selling stockholder affiliated with KSL Capital Partners, LLC (the “Selling Stockholder”), in connection with an initial public offering of common stock. ClubCorp issued and sold 13,200,000 shares of common stock in the offering and the Selling Stockholder sold 7,499,781 shares of common stock in the offering, including shares that were sold by the Selling Stockholder pursuant to the exercise of the underwriters’ option. The shares of ClubCorp are listed on the New York Stock Exchange under the ticker symbol “MYCC.”

ClubCorp is a membership-based leisure business and a leading owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America.

The offering raised approximately $168.8 million in net proceeds to ClubCorp, after deducting underwriting discounts and commissions and estimated offering expenses. ClubCorp intends to use the net proceeds from the offering to repay a portion of its existing indebtedness and to make a one-time payment to an affiliate of KSL Capital Partners, LLC in connection with the termination of a management agreement.

Goldman, Sachs & Co., Jefferies LLC, Citigroup Global Markets Inc., BofA Merrill Lynch and Deutsche Bank Securities Inc. acted as joint bookrunners in the offering. Wells Fargo Securities, LLC and Stephens Inc. acted as co-managers in the offering.

The Simpson Thacher team included, among others, Bill Brentani, Kate Layton, and Karen Reyes (Capital Markets); Tom Wuchenich and Brian Price (Private Funds); Tristan Brown and Grace Wirth (Executive Compensation and Employee Benefits); Jennifer Nadborny (Public Company Advisory Practice); and Katharine Moir and Daniel Foster (Tax).


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