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 a secondary offering of common stock. The Selling Stockholder sold 8,050,000 shares of common stock in the offering, including shares that were sold pursuant to the exercise of the underwriters option, and received all of the proceeds from the offering. 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.
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 J.P. Morgan Securities, LLC acted as co-managers in the offering.
The Simpson Thacher team included, among others, Bill Brentani, Kate Layton, Ryan Coombs and Karen Reyes (Capital Markets); Tom Wuchenich and Brian Price (Private Funds); Tristan Brown (Executive Compensation and Employee Benefits); Jennifer Nadborny (Public Company Advisory Practice); and Katharine Moir and Noah Metz (Tax).