ShowGolf, Aegis, and Others Secure Investment... "Company Valuation 70 Billion Won"

Greenworks 100% Stake Reacquisition
"IPO Planned by End of 2025"

The golf practice range brand 'ShowGolf' announced on the 14th that it has successfully attracted investment from a consortium including Aegis Investment Partners, Giant Partner PE, and Ebest Investment & Securities, as well as the Shinhan Financial Group SI Fund and a consortium of Daishin Private Equity & SKS Private Equity.

ShowGolf Gimpo Airport Branch [Photo by ShowGolf]

ShowGolf, 100% funded by CEO Jo Seong-jun, used the secured investment to fully acquire the shares of Greenworks (XGOLF), previously held by YG Plus and Naver.

ShowGolf stated, "Greenworks was valued at a total corporate value of 70 billion KRW, marking the first successful management buyout (MBO) by an internal manager in the golf industry." Based on this, ShowGolf plans to pursue an initial public offering (IPO) by the end of 2025.

CEO Jo said, "This investment attraction and successful MBO are the results of a 20-year strategy of selection and concentration aimed at developing domestic golf culture," adding, "Going forward, through ShowGolf, we will create a golf ecosystem where domestic golfers can enjoy diverse and fun golf experiences."