The golf brand TaylorMade is changing hands, with a Korean private equity firm acquiring the company amid a global boom in the sport.
Seoul-based Centroid Investment Partners has agreed to buy TaylorMade from New York-based KPS Capital Partners, Centroid said in a statement Tuesday.
Terms weren’t disclosed. The Korea Economic Daily newspaper said the deal was worth 1.8 trillion won ($1.6 billion), citing unidentified people.
TaylorMade, established in 1979, makes golf clubs, balls and accessories used by top pros such as Dustin Johnson, Tiger Woods, Rory McIlroy, Maria Fassi and Sierra Brooks.
Source: Bloomberg
By John J Edwards III
