Jun. 26 at 11:49 PM
TPG Inc. and Leonard Green & Partners are exploring a potential sale of Troon Golf, one of the largest golf course operators in the U.S., Bloomberg reported, citing people familiar with the matter. The private equity owners have hired investment banks to gauge buyer interest, with Troon potentially valued at more than
$2 billion.
No final decision has been made, and the owners could ultimately retain the company. TPG acquired its stake in Troon in 2021 alongside Symphony Ventures, the investment firm backed by professional golfer Rory McIlroy.
Founded in 1990 and based in Scottsdale, Arizona, Troon manages more than 825 golf courses, clubs, and hospitality venues worldwide, including high-profile properties such as Kapalua Resort in Hawaii and Tobacco Road in North Carolina. The report follows another major transaction in the sector earlier this month, when Apollo Global Management sold Invited Clubs to KSL Capital Partners in a deal reportedly valued at about
$3 billion.
$APO $TPG