Diesel
Long/short equity, event-driven, portfolio strategy, industrials

ClubCorp Holdings Buys Some Growth Fuel With Sequoia Golf

Note: All the facts, figures and charts in this article were taken from ClubCorp's investor relations website and related SEC filings.

On Wednesday, ClubCorp Holdings (NYSE:MYCC) acquired Sequoia Golf in a deal valued $265 million. This article will discuss the implications of this deal for the company.

Overview

Before discussing the implications of this acquisition on ClubCorp Holdings, it is important to become acquainted with the company. ClubCorp was founded in 1957 and the company owns many golf courses, country clubs, business, sports and alumni clubs in the US and Mexico (and there is one location in China). Prior to this acquisition, a total of 154 locations were either owned and/or operated by ClubCorp. The company's clubs have...

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