TaylorMade Golf Sold to Korean Investment Firm
TaylorMade Golf Company has will be sold to the Korean private equity firm, Centroid Investment Partners, the company announced on Wednesday.
“TaylorMade Golf is a transformational investment for Centroid. We were very excited to have the opportunity to invest in a global leader in golf. The industry is currently experiencing high demand, increased participation with strong long-term opportunities around the world. TaylorMade is an iconic brand with continued momentum across the key golf equipment categories and regions, especially the Korean and wider Asian markets,” said Jinhyeok Jeong, founder and CEO of Centroid Investment Partners.
Centroid is purchasing TaylorMade from KPS Capital Partners, who acquired the golf brand in 2017.
Financial terms of the new deal have not been released.
KPS acquired TaylorMade for $425 million.
Latest from TaylorMade
Over the recent years, TaylorMade has experienced the highest growth rates in the golf equipment and ball industry.
TaylorMade invested heavily in industry leading technologies, introduced revolutionary performance advances in equipment, achieved significant market share growth in golf balls, built new manufacturing and distribution facilities, and successfully refocused its marketing strategy, including the expansive build-out of one of the most advanced digital platforms in the business.
TaylorMade’s portfolio of golfers includes world #1 Dustin Johnson, Tiger Woods, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, SH Park, Charley Hull, Maria Fassi, and Sierra Brooks.
About Centroid Investment Partners LC
Established in 2015, Centroid Investment Partners LC (“Centroid”) is a Seoul-based private equity firm. Since its inception, Centroid has established a proven track record of strategic buyout transactions in Korea across a diverse set of industries, with its most recent purchases of the South Springs Country Club, Kolon Advance Fiber, and Woongjin Booxen. Centroid creates value for its investor partners by strategically transforming companies to maximize profitability and competitiveness, while working closely with management and its diverse partners and professionals to advise on strategic growth.