KPS Capital Partners has sold TaylorMade Golf to South Korean Investment company Centroid, for a reported $1.7 billion.

Table of Contents

Who currently owns TaylorMade?

On May 10, 2017 it was announced that KPS Capital Partners acquired TaylorMade for US$425 million.

Did TaylorMade get bought out?

TaylorMade's current financial sponsor, KPS Capital Partners, signed the definitive agreement to sell the company it acquired in 2017. KPS originally acquired TaylorMade from Adidas AG for $425 million. While terms of the Centroid deal were not disclosed, the estimated price is between $1.5 and $2 billion.

Who bought TaylorMade 2021?

Carlsbad-based TaylorMade Golf Company Inc. is being sold to Centroid Investment Partners, a Seoul, Korea, based private equity firm. Current owner, KPS Capital Partners, originally acquired the golf equipment manufacturer from Adidas AG in 2017 for $425 million.

👉 For more insights, check out this resource.

Who is buying TaylorMade?

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. Sale comes amidst reports of the highest industry-wide Q1 golf equipment sales on record.

👉 Discover more in this in-depth guide.

23 related questions found

Who owns TaylorMade Adidas?

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.

Did KPS sell TaylorMade?

NEW YORK, May 11, 2021 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to sell its portfolio company, TaylorMade Golf Company, Inc. ("TaylorMade" or the "Company"), to Centroid Investment Partners ("Centroid"), a Seoul, Korea based private equity firm.

Does Nike Own TaylorMade?

Nike have confirmed that they are to purchase TaylorMade Golf and all of it's subsidiaries in a deal worth $1.5 billion, it was announced today.

Is TaylorMade Golf owned by Adidas?

It was still owned by Adidas, which acquired TaylorMade in 1997 when it bought ski brand Salomon. But amid the steady decline of the golf equipment industry, Nike and Adidas both exited the golf club business.

Who owns FootJoy golf shoes?

FootJoy comes under the umbrella of Acushnet Holdings Company, which also owns Titleist and Scotty Cameron. Acushnet acquired FootJoy in 1985. 5. In 1959 the company moved its production to Massachusetts and that is where its headquarters remains today.

Did TaylorMade sell their company?

Founded in 1979, TaylorMade is being sold to a South Korean private equity firm. The parent company of TaylorMade Golf, one of Carlsbad's largest employers, has agreed to sell the well-known golf equipment maker to South Korean private equity firm Centroid Investment Partners for an undisclosed price.

Why is it called TaylorMade?

His new “metal wood” had a 12-degree loft and he called it the Pittsburgh Persimmon, a nod to the great Pennsylvania steel city. These were the clubs Adams carried to the merchandise show that day. In sales pitches for the new club, he called his company TaylorMade Golf.

How much did KPS buy TaylorMade for?

Representing the golf industry's largest-ever acquisition, Korea's Centroid Investment Partners bought TaylorMade in a $1.7 billion deal – about four times its $425 million value in 2017, when KPS invested out of Fund IV, the person said.

What clubs does Tiger Woods use?

Tiger Woods has used blade irons for pretty much his entire professional career, using models from Mizuno, Titleist and TaylorMade. His current set came into the bag back in 2019 as he shifted from the TW Phase 1 bladed irons to the P7TW Prototypes.

Does TaylorMade own maxfli?

Maxfli to TaylorMade

In 2002, TaylorMade purchased Maxfli and its patent portfolio. Several issues followed as the company could not re-establish the Maxfli brand.

How much did Adidas sell TaylorMade?

Adidas sells golf businesses TaylorMade, Adams Golf and Ashworth for $425 million.

Does Tiger Woods use TaylorMade?

He's still using his TaylorMade MG2 TW grind wedges (56 and 60 degrees) and the Scotty Cameron GSS Newport 2 prototype putter that he's used to win 14 of his 15 majors, as well. He'll also continue using the Bridgestone Tour B XS 2022 prototype golf ball that he debuted at the 2021 PNC Championship.

When did Adidas sell TaylorMade?

The sale was a negative drag on Adidas' earnings and a far cry from the $1.4 billion it paid in 1997 to buy TaylorMade's then owner, French equipment maker Salomon S.A. Adidas may have dumped the brand too soon.

When did Tiger Woods switch to TaylorMade?

It was his first set of TaylorMade irons since signing with the company in early 2017. Fast forward to 2019 and Tiger Woods put in the M5 driver along with M5 and M3 fairway woods.

Who owns KPS Capital Partners?

David Shapiro, Co-Founder and Managing Partner, KPS Capital Partners, KPS.

Who owns Srixon balls?

Srixon is a brand owned by Sumitomo Rubber Industries, Ltd. Srixon offers a full range of golf clubs, golf balls, and accessories, which are distributed in nearly all major golf markets. Srixon is dedicated to improving your game.

What happened to Mark King TaylorMade?

It was announced Thursday that King will be replaced by 40-year-old Englishman Ben Sharpe, who for the past six years has been managing director of TaylorMade-Adidas Golf in Europe. Adidas owns TaylorMade, so it's not as if King is abandoning the company that has his fingerprints all over it.