The Club Company, owner of one of the biggest chains of country clubs in the UK, has hired bankers to oversee the sale of the business, which operates 17 sites across England.
According to a report published by Sky News, Epiris, the private equity firm that bought The Club Company in 2018, has appointed DC Advisory to find a buyer for the business.
Informal conversations with prospective buyers are said to be already underway, although details of who is in running has not been released, nor a valuation for the business.
The Club Company operates 17 golf clubs across the UK, including Nizels in Kent, Woodbury Park in Devon, Castle Royle in Berkshire and Chartham Park in West Sussex, each of which boasts a championship-standard golf course, as well as health and fitness facilities, bars, restaurants and accommodation.
It has more than 40,000 members, with the majority of its venues either owned outright by the company or on a long leasehold basis.
Since buying the company six years ago, Epris has added four new clubs to its portfolio – Cams Hall, High Legh Park, Chesfield Downs and, most recently, Greetham Valley, which it acquired in May this year.
The Club Company has yet to issue a formal statement on the proposed sale.