Just a week after it bought Jurys Inn hotel group as part of a £680m (US$1.02bn, €909m) deal, US-based private equity firm Lone Star has been announced as the new majority owner of country club and golf club provider The Club Company.

Lone Star has acquired a 95 per cent stake in the business for an undisclosed sum, with financing provided by Broadhaven Credit Partners. The Club Company was previously owned by a combination of private investors and Irish private equity house Boundary Capital.

According to a statement, Lone Star has confirmed its backing for the current management team and will be providing further funds to grow the group as and when opportunities arise.

The Club Company currently operates 10 sites and has indicated that it is exploring internal development opportunities where planning permission is in place, as well as looking at suitable acquisitions.

“We are looking forward to growing and further developing the business with the strong support of Lone Star,” CEO Thierry Delsol told Leisure Opportunities.

“The financial backing of our new partner will allow us to develop existing planning permission within the portfolio, as well as looking at acquisition opportunities.”