Apollo Global Management Weighs IPO Or Sale Of Invited In Potential Deal That Could Top $3B: Report
Synopsis
JPMorgan and Wells Fargo have reportedly been engaged to advise on the process.
Apollo Global Management is reportedly assessing strategic options for Invited, including a possible sale or public listing, in a move that could value the golf and membership club operator at over $3 billion including debt.
JPMorgan and Wells Fargo have been engaged to advise on the process, according to a Reuters report, citing sources familiar with the matter.
Invited, previously known as ClubCorp, was taken private by Apollo in 2017 in a deal valued at $2.2 billion. The Dallas-based company rebranded in 2022 and now oversees a network of more than 200 U.S. clubs spanning golf and country clubs, city clubs and facilities within college football stadiums, the report said.
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