Bain Capital has purchased Concert Golf Partners from Clearlake Capital Group in a deal that could top $1.3B.
Clearlake first invested in Concert Golf in 2022. It helped expand the upscale golf course and country club company’s portfolio through 14 acquisitions, bringing Concert Golf’s total locations to 39 across the U.S, according to a press release from the company.
It isn’t clear what the valuation of the sale to Bain is, though sources told Bloomberg News that it could be more than $1.3B, including debt. 
Clearlake declined Bisnow’s request to comment on why the company decided to exit at this time. Bain didn’t respond to a request for comment. 
“The partnership with Clearlake…