Deal Detail

Sequoia Golf Holdings, LLC to ClubCorp Holdings, Inc.

EV / LTM EBITDA

EV / LTM Sales

Enterprise Value

Primary Source

Wells Fargo Securities

Comparable Transactions

Leisure transactions announced in the five years to August 2014. 1 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Mar 2012	Great Wolf Resorts, Inc.	Apollo Global Management, LLC	-	-	9.4x	Financial

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	fairness opinion	LTM FO	Wells Fargo Securities	2015	-	-	-	-	-	Open
	-	fairness opinion	MYCC FO	Jefferies	2017	-	-	10.9x	-	-	Open