Centroid Investment Partners, a Seoul-based private equity firm, has made a strategic investment in Concert Golf Partners, a portfolio company of Clearlake Capital Group.
Concert Golf is a boutique owner and operator of private golf and country clubs aiming to provide premium lifestyle offerings and amenities for its members. As part of the investment, Kangmin Shin, managing director at Centroid, will join the Concert Golf board of directors as an observer.
“Centroid has extensive experience in operating golf courses through our portfolio company South Springs Country Club, a prestigious golf club in South Korea, as well as an understanding of the global golf market with our investment in TaylorMade,” comments Shin. “Centroid’s investment in Concert Golf underscores the firm’s continued commitment to building its portfolio in the golf sector. We look forward to ongoing collaboration within our portfolio companies as they seek ways to work together to elevate the experiences for golfers. We would like to commend Peter and his team for the platform they have built. Furthermore, we respect and admire Clearlake’s success as well as their investment strategy, and we are excited to have the opportunity to partner with the Company and Clearlake in Concert Golf’s next phase of growth.”