Golfers can get ready for another a rare initial public offering. ClubCorp Holdings, Inc. has submitted a confidential draft registration with the Securities and Exchange Commission for a possible initial public offering of its common stock. If you are a destination golfer, chances are extremely high that you know ClubCorp. Private equity firm KSL Capital Partners acquired ClubCorp back in 2006, long before the recession hit, and for its golf, private club, and resort properties.

The company was founded in 1957 and it now owns or operates a network of more than 150 golf and country clubs, business clubs, sports clubs, and alumni clubs in 23 states, D.C., and in two foreign countries. It also claims to serve more than 350,000 members and claims to have approximately 14,000 peak-season employees.

The preliminary SEC filing shows only the basic material. Its annual report for 2012 shows the full breakdown of its business model. We have included a snippet of its memberships and retention rates below:

An affiliate of KSL Capital Partner is expected to offer a portion of its shares in ClubCorp. The total number of shares to be offered and the price range for the offering have not yet been determined. ClubCorp shows that it intends to use the net proceeds from the IPO to reduce its debt and for other general corporate purposes. No financial terms have been disclosed.

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