Foresight Group has invested £4 million into multi-channel golf equipment, clothing and accessories retailer Clubhouse Golf Limited from the Foresight Regional Investment Fund (“FRIF”).
Portfolio Search is delighted to announce its recent appointment of Richard Styles, founder of online retailer Kitbag, who has been appointed as Non-Executive Chairman to support the online growth of the business, bringing to the existing board significant industry experience.
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 (www.clubhousegolf.co.uk).
About Foresight – Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years. Foresight has £2.3 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).