- How does an ambitious business find a suitable Private Equity partner?
- What determines a great relationship between Private Equity and an ambitious business?
- How does that relationship lead to building significant value?
- And what is the optimum outcome for all parties involved?
On this recent webinar, Foresight Private Equity Senior Investment Manager, Matthew Pomroy, and Clubhouse Golf Chair, Richard Styles, reflected on their recent three-year relationship – why it was successful and what lessons were learnt.
- Foresight invested in Clubhouse Golf, a family owned e-commerce business, in February 2017.
- Clubhouse Golf more than doubled revenues to £30m in less than 3 years between investment (2017) to sale (2020)
- The Company was sold in April 2020 this year to all4golf, a leading European e-commerce business focused on golf,
- The sale delivered six times return for its investors
- Key to this success was the relationship between Foresight and the Clubhouse Golf board and management team.
Matthew Pomroy Bio
Matt joined Foresight in 2016 and is based in the Manchester office. He currently sits on the board as a non-executive of five portfolio companies covering a range of sectors.
In addition to this, Matt spends his time originating and leading new investments.
He is a chartered accountant by background and previously spent seven years at Mazars within the corporate finance team focusing on SMEs.
Richard Styles Bio
Richard is the Chair at Clubhouse Golf, as well as at Foresight investment Fourth Wall Creative: a provider of leading fan engagement solutions to the sports industry (inc several leading Premier League Football clubs).
Career highlight include: being part of the successful management buyout team at Technology systems reseller, ‘Morse Group’; founding and building Sports e-commerce business ‘Kitbag’; and being part of the investment group that backed digital production company ‘Pulse Films’, taking the role as Chairman during a period of sustained growth leading up to a successful exit.