TaylorMade Golf Company, Inc. announced that its current financial sponsor, KPS Capital Partners has signed a definitive agreement, through an affiliate, to sell TaylorMade Golf Company, Inc., to Centroid Investment Partners, a Seoul, Korea based private equity firm.
Financial terms were not disclosed, but media reports state the sale at $1.7 billion. KPS Capital Partners acquired TaylorMade back in 2017 from Adidas Golf for a reported £425 million.
Established in 1979, TaylorMade is a leading global manufacturer of golf equipment, balls, bags and accessories with a #1 or #2 market position in most of its key categories and markets. For over 40 years,
TaylorMade has brought innovative, high performance product technologies to golfers worldwide and has an unrivaled portfolio of athletes across the global tours including 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.
Since 2017, TaylorMade has experienced substantial growth in revenue and profitability worldwide and is positioned in 2021 to have the strongest year in its history under the leadership of David Abeles, CEO of TaylorMade Golf, and its wider management team.
