Centroid Sells Stake in U.S. Golf Club Operator 'Concert Golf' to Bain Capital

Centroid Investment Partners, a private equity fund (PEF) management company, has sold the U.S.-based private golf club platform, Concert Golf Partners (Concert Golf).

On November 18, Centroid announced that it had completed the sale of its stake in Concert Golf, which it co-invested in with global PEF Clearlake Capital (Clearlake), to global investment firm Bain Capital.

This transaction involved Blackstone, Clearlake, and Centroid as co-participants, with Bain Capital acting as the new acquirer. The anchor investor is MG Community Credit Cooperative.

ConcertGolf homepage capture.

Since jointly investing in Concert Golf in 2022, Centroid and Clearlake have worked alongside management to focus on acquiring high-quality golf courses in the United States and improving operational efficiency. Through multiple bolt-on acquisitions, Concert Golf expanded its portfolio to 39 clubs and achieved significant results in both revenue and profitability. Based on the funds managed by Centroid, an annual return of around 20% and a recovery of approximately twice the principal amount are expected.

Centroid has developed expertise in the golf industry and fostered it as a core investment area through a series of investments in golf-related assets such as TaylorMade and South Springs Country Club. By sequentially investing in everything from golf equipment and brands to domestic and international golf courses and U.S. private club platforms, the company has built a comprehensive understanding of and operational experience across the entire golf value chain.

Building on this experience in golf industry investments, Centroid plans to apply similar strategies to the premium consumer and leisure sector. The company intends to select specific consumer themes, conduct in-depth analyses, and pursue long-term results through phased investments across the entire related value chain.

A Centroid representative stated, "This Concert Golf transaction is a case where domestic investors, including MG Community Credit Cooperative, and global asset managers participated together to achieve meaningful results in North American golf infrastructure assets. Going forward, we will continue to leverage our industry expertise and overseas network to identify various opportunities, enabling domestic investors to access high-quality global assets in a more systematic manner."

This content was produced with the assistance of AI translation services.