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New Deal


Announced

Completed

Powerhouse Capital led a $20m Series A round in Pro Shop.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

golf equipments

United States

Recreational Products

Acquisition

Domestic

Minority

Private

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Powerhouse Capital, a Los Angeles based venture capital fund, led a $20m Series A round in Pro Shop, a golf equipment supplier. “The success of 'Full Swing' is confirmation of golf’s loyal and massive following. Combined with last year being the second-highest year ever for golf participation and the expansion of golf into the cultural zeitgeist, it’s clear that the sport is having a moment. Pro Shop’s goal is to captivate fans of the game everywhere and foster new ones. Golf is universal and the opportunity to further expand upon the PGA TOUR's vast storytelling potential couldn't be more exciting,” Chad Mumm, Pro Shop President and Co-Founder.

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