Topgolf Entertainment Group Receives Private Equity Investment from Providence Equity Partners

tobgolfTopgolf Entertainment Group (TEG), the parent company of Topgolf®, Topgolf Media and Topgolf International, received a minority private equity investment from Providence Equity Partners.

The amount of the deal was not disclosed.

Led by CEO Erik Anderson, Topgolf offers an entertainment centers offering competitive golfing games for all ages and skill levels and advanced technology to track the accuracy and distance of players’ shots.
Topgolf currently operates 24 locations serving 8 million guests annually. Each venue offers food and beverage, music, games, climate-controlled hitting bays and hundreds of HDTVs, as well as lessons, leagues, tournaments, KidZone parties and social and corporate events. .

The company, which has 24 venues worldwide and served 8 million guests in 2015, plans to open at least seven new facilities in 2016.

The newly formed Topgolf Media division was created via the recent acquisition of World Golf Tour (WGT), a web and mobile golf game, with more than 14 million players worldwide across online, social and mobile platforms. The company also recently formed the Topgolf International division, which will oversee expansion of the brand abroad.




Join the discussion