BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Foresight delivers 6x return with sale of Clubhouse Golf to all4golf

Foresight delivers 6x return with sale of Clubhouse Golf to all4golf

Wed, 22 Apr 2020 | BUSINESS SALE

Foresight delivers 6x return with sale of Clubhouse Golf to all4golf

Foresight Group LLP has completed the successful sale of Clubhouse Golf to all4golf, the fourth successful exit for Foresight’s Private Equity team in the past twelve months.

The sale represents the first exit for Foresight’s £58 million Foresight Regional Investment LP (“the Fund”) The Fund was launched in 2016 to support small businesses in the North West of England and North Wales, investing in 15 companies to date.

The terms of the deal were undisclosed, but it delivered six times return for the Fund’s investors. Since Foresight’s original investment in 2017, Clubhouse’s revenue has more than doubled to close to £30 million, following strong UK growth and successful expansion into the European Market.

Since the Fund’s original investment, Clubhouse has launched a new website and delivered an effective marketing strategy via social media. At the same time, it has increased staff numbers 50 per cent.

In its most recent accounts to the year ending September 30 2019, Clubhouse Golf, the UK’s largest independent online golf equipment retailer, reported a 45 per cent increase in turnover from the year before, while profit rose from £4.7 million in 2018 to close to £7.5 million for 2019. Its net assets were reported at almost £8 million.

Announcing the deal, Foresight said that Clubhouse Golf had a strong strategic partner for future growth in all4golf, one of Europe’s leading ecommerce businesses focused on golf. Matthew Pomroy, Senior Investment Managaer at Foresight’s Manchester office said:

“Clubhouse is a fantastic example of a local family business that has delivered outstanding growth. It has been a pleasure working with the management team and we wish them every success for the future with all4golf.”

Foresight Group LLP, which has 35 years’ experience managing investment funds for institutions and retail clients, has £4.7 billion of Assets Under Management across numerous funds. It was named Fund Manager of the Year at last year’s PLC Awards.

Its Private Equity team, which has established itself as one of the UK market’s most active SME investors, has 28 investment professionals working across four investment styles: Venture, Impact, Growth and Replacement Capital, through its growing regional network.



Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Logistics Company
East Midlands, UK

This is an opportunity to acquire the assets of a logistics solutions company. This company specializes in a variety of logistics solutions including transportation, warehousing, and inventory management. They have a fleet of modern and well-maintain...

Asking Price: Offers Invited
Turnover: £1m - £2m

LEASEHOLD


Leadership Development Business
UK Wide

The company is an innovative leadership development business that focuses on enhancing the performance and engagement of CEOs and senior managers, along with that of the wider company culture. Operating across multiple sectors, the company designs...

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD


Provider of ICT Support & Consultancy Services
UK Wide

The company’s offering comprises intelligent, realistic consultancy services in line with each client’s specific requirements and budget. This is backed up by engineers with a strong working knowledge of each business’s infrastructure, thus enabling...

Asking Price: Offers Invited
Turnover: £760,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Feb
 

Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION

Administrators from RSM UK Restructuring Advisory LLP are se...

 
06
 
Feb
 

M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION

Scottish clothes retailer, M&Co has been bought out of admin...

 
06
 
Feb
 

Australian firm announced as preferred bidder for collapsed UK battery start-up | ADMINISTRATION

Recharge Industries has been named as the preferred bidder f...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Jan
 

MBO at Signature Private Finance | MBO/MBI

The senior management team at finance provider Signature Pri...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.