Old Mutual Private Equity purchases stake in MoreCorp

2016/11/03

Old Mutual Private Equity (OMPE), a division within Old Mutual’s Alternative Investments business, has acquired a 70% stake in MoreCorp, the South African Golf and Cycling retailer best known for brands that include The Pro Shop, World of Golf, playmoregolf and Cycle Lab, for R300 million or approximately $21 million. The transaction, which is being made through the private equity arm’s R4 billion Fund IV, is seen as being a bet on the resilience of the country’s upper-middle

http://africacapitaldigest.com/old-mutual-private-equity-pays-21mln-for-70-morecorp-stake/

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A legend visits aspiring legends

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Nine time major winner, Gary Player surprised the first intake of young pro golfers by literally “dropping in” at the World of Golf the day after the 2016 Nedbank Golf Challenge.

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Cycle Lab acquires agency for KTM bikes

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KTM Bicycles are back in South Africa and the Cycle Lab proudly stocks this fine line of road and mountain bikes. This world class brand is steeped in history, from the first KTM bike produced in 1964 to more modern times, where KTM bicycles continue to lead the industry with machines boasting the highest quality materials and state of the art technology.

World-class kids play area for World Of Golf

2016-11-03

The World of Golf now boasts one of the finest restaurants with s specialised kids play and entertainment area in the country. In fact, within weeks of the facility launching, it was voted as one of the top ten child friendly restaurants for parents who want to keep their little tykes entertained.