The Mishcon de Reya Private Equity team advised longstanding client Golfbreaks, a market leader in golf travel, on a minority investment in it by the PGA TOUR, the world’s premier membership organisation for touring professional golfers.
James Paterson, Managing Associate, Mishcon de Reya commented: "We have now worked closely with the Golfbreaks' management team since the summer of 2015 when we advised them on the sale of its Teeofftimes.co.uk business. It has been a pleasure to work with the team and join them on their journey since then. In particular it has been very exciting to work with the team so closely on this transformational partnership which will undoubtedly pave the way for many strategic developments for Golfbreaks and allow it to grow the business not just in North America but globally."
Steve Hemsworth, Managing Director, Golfbreaks commented: “This is the second significant transaction Mishcon have supported Golfbreaks with. Our partnership with the PGA TOUR is a significant step in our Golfbreaks journey as we look to further expand our business into the largest golf market in the world. The team at Mishcon advised us in an expedient yet considered manner, as we set up a multi-faceted partnership with the PGA TOUR.”
The Mishcon de Reya Private Equity team was led by Legal Director Allison Keyse and Managing Associate James Paterson with support from Associate Matilda Barr. The Mishcon de Reya IP team, led by Managing Associate Simon Leaf and Associate Anne Rose, advised on the brand licencing and asset contribution arrangements.