O’Melveny & Myers LLP advised TELEO Capital on the deal.
Private equity firm TELEO Capital announced its significant growth equity investment in Teesnap, a provider of cloud-based software services to help golf courses manage and streamline their operations.
TELEO is a Los Angeles- and Boise, Idaho-based firm that seeks opportunities to enhance policies and operational procedures at companies in the software and technology, healthcare IT, business services, and industrial sectors. In its growth equity investment in Teesnap, TELEO is partnering with existing shareholder Allegiant Travel Co. to support Teesnap products and go-to-market strategies.
Las Vegas-based Teesnap serves golf courses across the country with a full suite of SaaS solutions that help operators manage inventory and marketing, billing, employee benefits and services, and customer-facing amenities that enrich the overall consumer experience. The TELEO investment will help Teesnap improve its offerings in the competitive and growing golf sector.
The O’Melveny team was led by Century City partner David Smith (Picture), counsel Zach Greenberg and associate Steven Xie.
Law Firms: O’Melveny & Myers LLP;
Clients: TELEO Capital Management;