Golfer Greg Norman's Private Equity Deal with Falconhead Capital

Golfer Greg Norman has struck a private equity deal with Falconhead Capital to build a company that provides golf cart-mounted global positioning services.

3 different business entities will be merged into GPSI Holdings by Falconhead. These are GPS Industries, ProLink Systems and a separate business that provides GPS services at roughly 60 US golf courses.

This kind of all-equity deal is how things are happening in private equity transactions that are now dominating the still-sluggish market.