Clearwater International advises Clubhouse Golf on its sale to all4golf
Clearwater International 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.