Clearwater advises Clubhouse Golf on its sale to all4golf

Transaction

Clubhouse Golf sold to all4golf

Sell-side

Undisclosed

Role

Adviser to Clubhouse Golf on its sale to all4golf

Sector

Consumer

Region

United Kingdom

Clearwater has advised Clubhouse Golf (Clubhouse), the UK’s largest independent online retailer of golf equipment, on its sale to all4golf, a European ecommerce business focused on golf.

Manchester-based Clubhouse is a multi-channel retailer of golf equipment and clothing. The business stocks leading golf brands and offers a direct to customer proposition centred around a bigger choice for better value with an industry leading service. In February 2017, Foresight Group LLP (Foresight) invested in the business to fund the next stage of growth and develop the business into the UK’s leading online retailer of golf equipment. Since the fund made its original investment, Clubhouse has more than doubled its revenue to almost €33.4m (£30m), with strong growth in the UK and a successful expansion into the European market. The company has increased staff numbers by 50% since Foresight’s investment, making a positive social impact in the local area.

Clubhouse has found a strong strategic partner in Afinum backed all4golf and together will look to become the pan-European market leader for golf equipment.

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.
Ben Reeves, CEO at Clubhouse Golf

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.
Matthew Pomroy, Senior Investment Manager at Foresight

It has been a pleasure to work with Clubhouse to identify a strategic partner to fulfil the next stage of growth in Europe. Clubhouse is a fantastic business which has been competing in a bricks and mortar dominated industry but has been driving the shift to online by offering exceptional service and the most comprehensive product range in the industry.
Gareth Iley, Partner at Clearwater

We have thoroughly enjoyed working with the team at Clubhouse and are delighted to have found them the perfect acquirer for the business in All4Golf. As the current market leader in its sector, Clubhouse has followed in the footsteps of several other high profile and very successful North West e-commerce businesses, by becoming the no.1 player in its category online. We wish the management team of Clubhouse all the best for the future and are pleased to have delivered a deal which rewards their dedication to the business.
David Weavers, Partner at Clearwater