Conquer Padel Announces Strategic $15 Million U.S. Expansion Plan
Deal News | Mar 29, 2025 | EIN
Arizona-based Conquer Padel Holdings, an operator of padel clubs in Mexico, is launching a $15 million investment to expand its operations across the United States. Known for its successful establishment of 48 padel courts within six clubs in Mexico, Conquer Padel plans to initiate seven new clubs across Arizona, Utah, Georgia, and California. This expansion comes on the heels of a previous $1.1 million funding round for their Tempe, AZ, location. As the popularity of padel grows in the U.S., with estimates suggesting 15,000 courts by 2029, this venture aims to capitalize on market dynamics. Investors are being offered a private equity option with a minimum investment of $50,000 and an annual preferred return of 12%, alongside an 80% revenue-sharing opportunity. The leadership team, comprising CEO Enrique Gracia, co-founder Barry Falcon, and COO Tom Konkowski, are driving this initiative leveraging their expertise in finance, real estate, and franchising. Partnerships with leading firms in real estate, site selection, and Padel court manufacturing further enhance their strategic approach.
Sectors
- Sports and Recreation
- Private Equity
- Real Estate
Geography
- United States – The geographic focus of the expansion initiative, aiming to establish new padel clubs across multiple states.
- Mexico – The origin of Conquer Padel's operations, with established clubs that serve as a foundation for their expansion strategy.
Industry
- Sports and Recreation – The article focuses on the expansion of padel clubs, a part of the sports industry, highlighting market growth in the U.S.
- Private Equity – The article discusses a private equity investment opportunity, pertinent to investors in private equity markets.
- Real Estate – Strategic partnerships with large real estate firms are crucial for the site selection and development of new padel club locations.
Financials
- $15 million – Equity funding sought for U.S. expansion of Conquer Padel clubs.
- $1.1 million – Funds previously raised for the upcoming Tempe, AZ, location.
- $50,000 – Minimum investment for Reg D 506(c) private equity offering for interested investors.
- 12% – Annual preferred return offered to investors in the private equity opportunity.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Conquer Padel Holdings | Target company | Company | An operator of padel clubs, launching a significant expansion in the U.S. market. |
| Enrique Gracia | CEO | Person | CEO of Conquer Padel, leading the company's expansion into the U.S. market. |
| Barry Falcon | Co-founder and Certified Franchise Executive | Person | Co-founder, focusing on leveraging a scalable franchise model in the padel industry. |
| Tom Konkowski | Co-founder and Chief Operating Officer | Person | COO, emphasizing the company's player-first concept and strategic expansion plans. |
| PlayByPoint | Club Management Software Partner | Company | Provides software solutions to enhance the operational efficiency of padel clubs. |
| MejorSet | Padel Court Manufacturing and Installation | Company | World leader in manufacturing and installing Padel courts, supporting new club developments. |