ClubCorp Rebranding As "Invited" With IPO Plans

Adam Schupak reports on the rebranding of the longtime club operator as “Invited”, and while you might think this sounds like something a cruise line would do after a series of awful virus outbreaks, the company formerly known as ClubCorp says it’s just who they are. With a name that cheesy they could be right.

“Invited is not just a name. It’s everything we are,” Invited CEO David Pillsbury said in a press release. “We are Invited because, from the golf courses to the tennis courts, from fine dining to family hang time, we connect and create communities attracting members from diverse backgrounds that share similar passions and pursuits. We create clubs and experiences that combine exceptional amenities and unmatched service with a friendly and welcoming spirit. We want our members, guests and team members to know that Invited is where they belong.”

The Dallas Morning News says ClubCorp owner Apollo Global Management is looking to take the company public (again) after spending $1.1 billion for the company in 2017.

And they are dreaming of a big valuation. Perfect Putt’s Jared Doerfler notes this:

ClubCorp is reported to be evaluating an IPO for $4.5 billion.

ClubCorp was public before it sold to Apollo - a PE firm in 2017.

Apollo's purchase price in 2017?

$1.1 billion.

$4.5 billion today would make ClubCorp larger in market cap than Callaway and Acushnet.

— Jared Doerfler (@DoerflerJared) April 21, 2022