Concert Golf Partners and Clearlake Capital Group have exited their investment arrangement. A new investment from Bain Capital’s Private Equity and Real Estate teams will now support Concert’s growth and long-term strategy.
Concert and Clearlake first entered their arrangement in March 2022. The arrangement leveraged Clearlake’s O.P.S. framework to promote growth and increase revenue and profitability. During that time period, Clearlake worked with Concert management to acquire 14 properties and transform it into a “premier full-service lifestyle platform.”
“We are proud of what the team accomplished during our partnership and believe the Company is well-positioned for its next stage of growth,” said José E. Feliciano, co-founder and managing partner, and Arta Tabaee, partner and managing director, at Clearlake.
Concert Golf Partners currently maintains a portfolio of 39 private golf and country clubs across the U.S. and focuses its efforts on elevating the member experience across golf, dining, fitness, events and more.
Peter Nanula, CEO of Concert Golf, said that the partnership with Clearlake was integral to their success and enhanced capabilities, and he looks forward to the new partnership with Bain Capital.
“I am incredibly proud of what our team has accomplished and grateful for Clearlake’s partnership in our mission to preserve and enhance our portfolio of premier private clubs,” he said. “As we look ahead, we’re excited to partner with Bain Capital to continue growing our platform and investing in our clubs and members.”