Troon announces strategic investment from TPG and Rory McIlroy’s Symphony Ventures

Troon has new investors. TPG Capital announced Nov. 15 that it will make a significant investment in the company, and Symphony Ventures, Rory McIlroy’s investment fund, will also join as an investor. The two companies join Leonard Green & Partners, which will retain a significant investment in the business.

“The investment from TPG, a leading investor and business builder, is a testament to the quality and strength of our offering,” said Tim Schantz, CEO of Troon. “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.” 

TPG has extensive experience in the travel and leisure sphere, with investments in brands such as Airbnb, Lifetime Fitness and Viking Cruises. The new investment will enable Troon to use the capital, resources, and expertise to continue building its position as the market leader. 

Troon provides operational, management or advisory services to more than 620 golf and leisure facilities across the globe, making it the largest golf course operator in the world, and twice the size of the second largest company. It also owns or leases more than 50 courses.

“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.”

Leonard Green & Partners has been an investor in Troon for four years. During that time, Troon has grown its employee base from 13,700 employees to 24,400, and the number of managed facilities from nearly 300 to over 620. Leonard Green is a large private equity firm with investments in the Container Store, Shake Shack and numerous other entities. 

“Troon is providing the gold standard for upscale golf experiences ...” said Jeff Rhodes, co-managing partner of TPG Capital. “The company is well-positioned to expand its market leadership within the industry, at a time when both new and long-time golfers are spending more time on the course.”

The transaction will close in December. 

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