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New Deal


Announced

Project A to invest in Perfect Drive Sports Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Clothing and Accessories

Germany

golf apparel

golf equipments

Private Equity

Acquisition

Minority

Private

Pending

Single Bidder

Domestic

Synopsis

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Project A, a venture capital company in Berlin, Germany, agreed to invest in Perfect Drive Sports Group, Europe's largest e-commerce company for golf equipment. Financial terms were not disclosed. "The Perfect Drive Sport Group has shown strong growth in the highly fragmented European market for golf equipment. The Covid-19 pandemic has further changed the purchasing behaviour of golfers from offline to online, a development PDSG is well positioned for. With our operational model, Project A is able to support PDSG’s growth beyond the current markets and help them leverage their tech, data and marketing capabilities," Ben Fischer, Project A General Partner.

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