Private equity-backed golf retailer Edwin Watts Golf Shops has reportedly filed with Chapter 11 bankruptcy.
The company said in a court filing that it had estimated liabilities and assets of between $100m and $500m, according to Reuters.
Edwin Watts is currently owned by private equity firm Sun Capital Partners, which bought the business in May 2007.
The Fort Walton Beach, Florida-based company operates 90 stores in 15 US states and ships more than 200,000 packages annually.
Sun is currently raising its sixth fund, which is more than halfway through ot its $3bn target.
Last month the firm exited its investment in Captain D’s Seafood Restaurant by selling it to mid-market firm Centre Partners.
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