Twitter LinkedIn
    Tuesday, May 17
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»TaylorMade Bought By Korean Private Equity Firm
    Deals

    TaylorMade Bought By Korean Private Equity Firm

    May 13, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Four years after private equity firm KPS Partners acquired Carlsbad-based TaylorMade from Adidas AG for $425 million, they’ve sold the golf equipment brand to Seoul-based Centroid Investment Partners for an undisclosed sum.

    While the financial terms of the deal were not disclosed, considering the torrid growth spurt the sport has experienced over the pandemic, KPS is certain to have made a tidy return.

    According to Golf Datatech, rounds played domestically grew by 14% while retail sales of golf equipment rose to $2.81 billion in 2020, a 10% jump over 2019 numbers. It was also the third highest tally on record since the market research firm began tracking industry sales and just a rounding error behind 2007 and 2008 figures on the all-time leaderboard.

    Read more/Source: Forbes

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals and transactions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Hedge Funds Continue To Expand Into The Private Equity Market

    May 16, 2022

    White Mountains to sell NSM to Carlyle

    May 16, 2022

    Alan Howard’s crypto platform attracts investment from Goldman Sachs and Barclays

    May 16, 2022

    Toshiba reveals takeover interest as battle heats up

    May 16, 2022

    Comments are closed.

    Other Articles

    Platinum Equity Acquires Oregon Tool

    July 14, 2021

    Apollo, Oaktree Join Private Equity’s Push to Report ESG Data

    January 31, 2022

    Private equity firm August Equity Acquires Business Systems UK Limited

    January 18, 2021

    TPG records $199 million earnings in first quarter since IPO

    May 10, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?