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Apollo Sells Invited Golf Clubs to KSL for $3 B.

6/18/2026

Summary

Apollo Sells Invited

Apollo Global Management sold golf club operator Invited Clubs to KSL Capital Partners in a $3 billion deal that includes debt.
KSL Capital Partners is reacquiring Invited Clubs, which Apollo bought in 2017 for $2.2 billion and serves about 140,000 members with a net worth of $3 million and initiation fees exceeding $100,000.
Apollo doubled its earnings to over $350 million, while data show golf-course spending rose 37% last year, a decade-high for M&A.

Summary

Akin Advises Sale

Akin acted as legal counsel for Apollo-managed funds in the $3 billion sale of Invited Clubs.
The advisory team was led by private-equity partners Brittany Harrison and Jeffrey Kochian, with Gerald Brant overseeing Akin’s U.S. private-equity practice.
Akin employs over 1,000 lawyers across the United States, Europe, Asia and the Middle East.
Representing the seller, Akin navigated regulatory and contractual issues in transferring ownership of 150 private-club properties.

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Apollo Sells Invited

Apollo Global Management sold golf club operator Invited Clubs to KSL Capital Partners in a $3 billion deal that includes debt.
KSL Capital Partners is reacquiring Invited Clubs, which Apollo bought in 2017 for $2.2 billion and serves about 140,000 members with a net worth of $3 million and initiation fees exceeding $100,000.
Apollo doubled its earnings to over $350 million, while data show golf-course spending rose 37% last year, a decade-high for M&A.

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