Notts online golf retailer sold to French buyer
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Mansfield-based online golf retailer Golfsupport.co.uk has been sold to French PGC Group, the French leader in the distribution of golf equipment for players and professionals and the European leader in driving range and course equipment.
Golfsupport.co.uk generates about half of its turnover in the UK and a third in continental Europe.
TLT has advised Golfsupport.co.uk on the deal, while KBS Corporate advised on the sale of the company’s shares.
John Lines, CEO at Golfsupport.co.uk, said: “We are delighted to become part of the growing PGC Group. Our mission has always been to provide a one stop shop for players and professionals and this will ensure that we can continue to achieve this goal. We are grateful to TLT for their advice and professionalism, and for working seamlessly with the parties to complete the deal.”
Richard Life, partner at TLT who led the team, added: “We’re continuing to see overseas interest in businesses that have secured a strong foothold in the UK and European markets. This is a great way for many companies to take their growth to the next level, and we are delighted to have been able to support Golfsupport.co.uk on this major milestone.”