MBK Partners, a private equity firm, announced it will acquire Japanese golf course operator Accordia Golf for about $760 million. MBK had tried to acquire Accordia in July, but the deal was scrapped after Accordia’s value surged. 

This time, MBK will launch a tender offer to buy all shares in Accordia at 1,210 yen ($10.78) each, or a 16.9 percent premium. The three major shareholders, who own a combined 22 percent opf the company, have agreed to sell their hares, MBK said in a statement. Accordia’s managment team also endorses the offer. Yuko Tashiro, who Golf Inc. recently named as the most powerful women in golf, is expected to sty as CEO. 

MBK will take Accordia private to allow it to focus on longer-term projects such as the acquisition of golf courses at home and overseas and attract tourists even when the overall golf playing population in Japan is shrinking. 

Accordia currently runs 135 golf courses, or about 5 percent of the total in Japan, and is the second largest ownership group inthe world. 

Accordia was set up by Goldman Sachs in the early 1990s as part of its effort to buy golf courses and take advantage of Japan’s struggling golf industry. Goldman took the company public in 2006, and sold its last shares in Accordia in 2011.