Apollo Global Management Inc. is weighing an initial public offering as early as this year for ClubCorp, the country club operator it took private in 2017, according to people familiar with the matter.
The private equity firm is working with advisers on a process for the Dallas-based company, said the people, who asked to not be identified because the matter is private. The company could be valued at about $4.5 billion in an IPO, one of the people said.
Apollo paid about $1.1 billion for the company, excluding debt, according to data compiled by Bloomberg. No final decision has been made and the timing or valuation of the listing could change, the people said.
Read more: BNN Bloomberg
