Golfsmith to File for IPO

Austin, TX-based golf products cataloger/retailer Golfsmith International Holdings has filed for a proposed initial public offering with the U.S. Securities and Exchange Commission.

Golfsmith reported fiscal 2004 sales of $296.2 million, including $84.4 million in direct sales. Atlantic Equity Partners III, a fund operated by First Atlantic Capital, acquired Goldsmith from its funders, Carl, Barbara, and Franklin Paul, in October 2002. Golfsmith intends to use the proceeds from the offering primarily to repay outstanding debts.

Golfsmith has 52 stores across the United States as well as a Website and catalogs.