By Mike Sunnucks | Rose Law Group Reporter
PGA golfer Rory McIlroy is investing in Scottsdale-based golf company Troon.
Troon announced Nov. 15 that private equity firm TPG Capital and Symphony Ventures (the McIlroy’s investment fund).
The investment will add capital for Troon, the Arizona company said in a release Nov. 15.
“Existing investor Leonard Green & Partners (LGP) will retain a significant investment in the business,” according to an announcement from Troon.
“Today’s announcement is an exciting milestone for our company, and we are incredibly proud to welcome TPG and Rory to the Troon family,” said Tim Schantz, CEO of Troon. “Golfers are at the core of everything we do at Troon, and over the years we have built a business that combines deep industry expertise with hospitality-caliber customer service to help our clients create first-class experiences for their customers, members, and guests. The investment from TPG, a leading investor and business builder, is a testament to the quality and strength of our offering. We look forward to working with them and the team at LGP to continue accelerating our growth while providing even more resources for our valued clients and partners.”
Troon currently provides operational, management, and advisory services to more than 620 golf and other facilities. Troon owns or leases more than 50 courses that it operates directly, including its flagship Troon North Golf Club in Scottsdale.
“Through its impressive scale and operating expertise, Troon has developed a trusted brand that delivers differentiated value to its clients, creating superior experiences for golfers everywhere,” said Paul Hackwell, partner at TPG Capital. “We are excited to be partnering with this great group of investors, operators, and experts to help Troon reach its next level.”
McIlroy, 32, is one of the world’s top golfers. He has won the U.S. Open, British Open and PGA Championship.
TPG Capital’s other investments include AirBNB, Cushman & Wakefield, Catellus, Taylor Morrison Homes, Neiman Marcus, Burger King and Univision.
