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Foresight Group exits Clubhouse Golf

April 21st, 2020

Foresight Group exits Clubhouse Golf

Foresight Group has sold Clubhouse Golf to all4golf, delivering a 6x return.

Clubhouse Golf is a Manchester-based online retailer of golf equipment. It stocks a majority of golf brands and offers a direct to customer proposition.

Since Foresight’s original investment in 2017, Clubhouse has more than doubled its revenue to almost £30 million, with a successful expansion into the European market.

Ben Reeves, CEO of Clubhouse Golf, said: “Foresight has supported Clubhouse on its journey to become the UK’s leading online retailer for golf enthusiasts. We’ve exceeded our own expectations and couldn’t be happier with the help and guidance we’ve received from Foresight. We are excited to be partnering with all4golf for the next part of our journey. Their industry knowledge and experience will be invaluable.”

Matthew Pomroy, Senior Investment Manager from Foresight, added: “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.”

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