Global Edition

Foresight Group makes £4 million investment into Clubhouse Golf

12.09pm 17th February 2017 - Corporate

from left Matthew Pomroy (Foresight) Clubhouse Golf Directors Ben Reeves and Sam Reeves and new chairman Richard Styles
from left Matthew Pomroy (Foresight) Clubhouse Golf Directors Ben Reeves and Sam Reeves and new chairman Richard Styles

Foresight Group (“Foresight”), an independent infrastructure and private equity investment manager, has invested £4 million into multi-channel golf equipment, clothing and accessories retailer Clubhouse Golf Limited from the Foresight Regional Investment Fund (“FRIF”).

Clubhouse Golf was originally established as an on-course professional shop by founder Paul Reeves, with a high street store in Salford and an ecommerce platform subsequently launched that has quickly increased customer reach and widened product offerings. The retailer recently relocated its base to a 17,000 sq ft facility in Irlam, Greater Manchester, in order to accommodate further expansion. It is led by Ben Reeves, the son of Paul Reeves.

Foresight’s investment will allow the company to strengthen key brand relationships and explore the opportunity of international commerce through developing its online platform, following the launch of its new website –

Richard Styles, founder of online retailer Kitbag, has been appointed as Non-Executive chairman to support the online growth of the business, bringing to the existing board significant industry experience.

The FRIF targets companies in the North West of England, North Wales and South Yorkshire from Foresight’s new Manchester office, and has now invested in 5 companies, deploying one third of funds within its first 12 months.

Matthew Pomroy, Investment Manager, Foresight Group in Manchester, said: “Clubhouse Golf is a good example of the kind of growing SME we seek to invest in. It has an exciting young management team who have grown the business over 30% in the last couple of years and built a great brand in the sport.

“The deal presents an exciting opportunity for business expansion through its new website both in the UK and internationally. We’re looking forward to working alongside Ben and the team to support the future growth.”

Ben Reeves, Managing Director, Clubhouse Golf, added: “It is great to see Foresight’s commitment to boosting smaller businesses in the Manchester area, as the city establishes itself as a national infrastructure and commerce centre. Clubhouse Golf has really taken off as a business since launch to become a leading golf equipment retailer, and this investment will enable us to achieve the possibilities that the current rate of growth presents.”

Foresight was advised by law firm Squires Patton Boggs led by Jeremy Thompson and Giles Chesher, with financial due diligence provided by Catriona Lang at Dow Schofield Watts. Commercial due diligence was carried out by Roger Penney of RPL, management due diligence was performed by Andy Airey of Catalysis and IT due diligence was provided by Intuitus.

Yorkshire Bank Specialist and Acquisition Finance provided funding to support the transaction, led by Neil McLoughlin, Craig Cheetham and Michelle Heptinstall.

Foresight Group

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