Sell-Side Advisor

Kroll’s Investment Banking Team Advised Ethos Partners on Its Sale of Motocaddy to Corbel Capital Partners

Sell-Side Advisor Ethos Partners

November 10, 2026

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In October, 2026, Motocaddy, the world's leading electric golf caddy brand and a portfolio company of Ethos Partners, was acquired by Corbel Capital Partners.

Kroll’s Investment Banking team served as the exclusive financial advisor to Ethos Partners and other shareholders in connection with the sale of 100% of the shares in Motocaddy.

‘‘

We are delighted to have advised Ethos Partners and its investors on the sale of Motocaddy to Corbel Capital. Led by an excellent management team and supported by Ethos Partners, Motocaddy has successfully established itself as the global category leader in electric golf trolleys and continues to drive adoption in Europe, the U.S. and beyond. We wish Corbel and management the very best in the exciting next phase of development.

Michael Collinson, Managing Director
‘‘

Motocaddy is a great example of what Ethos sets out to do: back a strong management team and help them turn a market-leading business into a global one. Since our investment, both revenue and EBITDA have more than doubled, and the business now has a real presence in the U.S. I'd like to thank John and the entire Motocaddy Team for their hard work. With the U.S. now the biggest growth opportunity, we believe Corbel is the right partner to take Motocaddy to the next level.

Ben Kirby, Partner at Ethos Partners
‘‘

Ethos has been a supportive and ambitious partner, backing us to invest in the U.S., our international operations and product development. Together we have built a truly global brand. We are excited to work with Corbel on the next stage of our growth, particularly in the U.S.

John Helas, CEO of Motocaddy
‘‘

Motocaddy is the clear category leader, with a loyal customer base, a strong pipeline of new products and significant room to grow in North America. We are delighted to partner with John and the team and look forward to supporting the business through its next phase of growth.

Christian Hostetter, Principal at Corbel

About Motocaddy

Motocaddy is the world's number one electric golf caddy brand. Headquartered in Hertfordshire, UK, with subsidiaries in the US, Germany and Australia, it designs and sells electric and push caddies, cart bags and accessories to golfers in more than 40 countries.

About Ethos Partners

Ethos Partners is a private investment firm that backs high-quality UK businesses with strong management teams and clear growth potential. Ethos invests alongside an engaged and supportive network of high-net-worth investors.

About Corbel Capital Partners

Corbel is a Los Angeles-based private equity firm focused on structured debt and equity investments in lower middle market businesses. Corbel manages SBIC and Special Opportunity funds, providing growth capital, rescue capital, special opportunity investments, and both minority and majority recapitalisations.

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