The Company paid a $100 million cash dividend to its common stockholders.
The Company is the world leader in private clubs. The Companies membership exceeds 400,000 across a network of more than 150 golf and country clubs, business clubs, sports clubs, and resorts.
Invests in five primary sectors: hospitality, recreation, clubs, real estate and travel services.
Pendo Advisors, LLC served as independent financial advisor to the board of directors of the Company and provided a capital adequacy opinion in connection with the transaction.