TPG and Leonard Green Explore Sale of McIlroy-Backed Troon Golf at $2B-Plus Valuation
- TPG and Leonard Green & Partners have retained advisers to explore a sale of Troon, one of the largest U.S. golf-course management and hospitality operators, with expectations of a valuation north of $2 billion (Bloomberg).
- The company, which has expanded aggressively into private clubs, resorts, and the high-end daily-fee segment, counts Rory McIlroy among its marquee endorsers/investors.
- A deal would test investor appetite for discretionary-lifestyle PE assets at a time when rate-sensitive sectors are being repriced across the broader market.