$530 million will buy Versant full control of golf simulator maker Full Swing, with the all-cash deal expected to close by year-end and CEO Ryan Dotters joining the Comcast spinoff.
Tiger Woods owns 1% to 2% of Full Swing after investing again beyond his 2015 entry, putting the value of his stake at as much as $10.6 million under the deal.
Full Swing gives Versant deeper ties to golf media and technology: its simulators power TGL, it is the PGA Tour’s licensed simulator, and its products sell from about $5,000 for launch monitors to $11,500-plus for studio kits.
Bruin Capital is exiting at roughly a 3x return after buying Full Swing for $160 million in 2021, while the acquisition becomes Versant’s third major deal this year.