TaylorMade Sold – Key Takeaways:
Breaking News: TaylorMade sold to a Korean Private Equity firm for $1.6 billion.KPS Financial bought TaylorMade from adidas in 2017 for $425 million.Sold comes amidst reports of the highest industry-wide Q1 golf equipment sales on record.We’re hearing rumblings this morning the rumored sale of TaylorMade is now a reality. Today’s Korea Economic Daily Global Edition is reporting that TaylorMade has been sold to Centroid Investment Partners, a Korean Private Equity firm for $1.6 billion.
The newspaper reports it is the largest-ever acquisition in the golf industry. The deal is expected to be finalized in July.
$1.6 billion is a hefty price tag. KPS Financial LP, a New York-based private equity firm, purchased TaylorMade, Adams and Ashworth from adidas four years ago for $425 million. At the time, it was believed KPS would streamline and restructure TaylorMade with an eye towards selling it at a tidy profit.
We’d say $1.6 billion – roughly four times the original investment – qualifies as mission accomplished.
TaylorMade Sold: Four Years Under KPS
Reports that TaylorMade was on the block first surfaced this past February. The New York Times reported the asking price would be in the $2 billion range.



