Dallas, Texas – Pursuant to the Purchase and Sale Agreement dated June 12, 2014 and the CNL Lifestyle Properties, Inc. (“CNL”) Form 8-K dated June 18, 2014, Arcis Equity Partners (“Arcis”) announced on September 30 that it has completed the purchase of 46 golf properties from CNL for $306.5 million. The completed purchase of two additional CNL golf properties for $13.5 million is expected to...

Dallas, Texas – Eagle Golf (“Eagle”) today announced a partnership with Arcis Equity Partners (“Arcis”) to recapitalize one of the largest golf management firms in the United States. Terms of the transaction were not disclosed by Arcis. Joe Munsch, currently President and CEO of Eagle, will continue to run the company’s day-to-day operations as President and Blake Walker, CEO and Managing...