July 14, 2024

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Truly Business

Centroid Investment Associates to Acquire TaylorMade Golf Organization, Inc.

2 min read

SEOUL, South Korea–(Organization WIRE)–Centroid Financial commitment Partners LC (“Centroid”), a Seoul-primarily based private fairness agency, declared now that it has signed a definitive agreement to receive the TaylorMade Golfing Company, Inc. (“TaylorMade”) from KPS Money Associates, LP. Economical phrases of the transaction have not been disclosed.

Proven in 1979, TaylorMade is a main global producer of golf machines, balls, luggage and add-ons with a #1 or #2 current market position in most of its important groups and marketplaces. For around 40 a long time, TaylorMade has introduced impressive, higher overall performance solution technologies to golfers throughout the world and has an unrivalled portfolio of athletes across the worldwide tours which includes entire 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.

Around the current a long time, TaylorMade has skilled the optimum expansion premiums in the golfing machines and ball industry. TaylorMade invested seriously in business foremost technologies, launched groundbreaking effectiveness innovations in products, reached major marketplace share growth in golf balls, built new production and distribution facilities, and successfully refocused its advertising technique, which includes the expansive construct-out of just one of the most superior electronic platforms in the small business.

Jinhyeok Jeong, founder and CEO of Centroid Expenditure Partners stated:

“TaylorMade Golfing is a transformational expense for Centroid. We have been incredibly energized to have the possibility to spend in a world wide chief in golf. The business is presently dealing with high desire, increased participation with strong lengthy-time period options around the environment. TaylorMade is an iconic manufacturer with ongoing momentum throughout the crucial golf machines categories and areas, specially the Korean and broader Asian markets.”

Korea is the third biggest golf sector, with the US and Japan staying figures one and two. Korea has been dealing with large yearly progress because the 2010’s because of to the impact of display screen golfing, and the new participation of more youthful generations and women of all ages golfers. Centroid has been keenly knowledgeable of the significant-advancement Korean market place and is assured in its ongoing growth, along with other places in the global golfing marketplace.

Completion of the transaction is expected later on this 12 months and is subject to customary closing disorders and approvals.

DLA Piper and Kim & Chang served as legal counsel to Centroid, and KPMG, Bain and Organization, and Caple Advisory acted as advisors to Centroid.

About Centroid Expense Partners LC

Set up in 2015, Centroid Investment decision Partners LC (“Centroid”) is a Seoul-based mostly personal fairness agency. Due to the fact its inception, Centroid has established a confirmed track history of strategic buyout transactions in Korea across a diverse established of industries, with its most recent purchases of the South Springs State Club, Kolon Progress Fiber, and Woongjin Booxen. Centroid produces price for its trader partners by strategically transforming corporations to increase profitability and competitiveness, while functioning closely with management and its numerous associates and pros to suggest on strategic development.

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