Centroid Investment Associates to Get TaylorMade Golfing Enterprise, Inc.
3 min readCentroid Investment decision Partners LC (“Centroid”), a Seoul-based personal equity organization, announced now that it has signed a definitive agreement to get the TaylorMade Golf Company, Inc. (“TaylorMade”) from KPS Cash Associates, LP. Fiscal conditions of the transaction have not been disclosed.
Founded in 1979, TaylorMade is a main world maker of golfing products, balls, baggage and equipment with a #1 or #2 industry situation in most of its critical groups and markets. For more than 40 a long time, TaylorMade has brought progressive, higher performance merchandise technologies to golfers worldwide and has an unrivalled portfolio of athletes throughout the worldwide excursions together with 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.
Over the recent a long time, TaylorMade has experienced the maximum progress costs in the golf equipment and ball marketplace. TaylorMade invested greatly in business main technologies, launched revolutionary efficiency advances in gear, accomplished substantial industry share progress in golf balls, created new producing and distribution amenities, and successfully refocused its advertising and marketing tactic, together with the expansive develop-out of one particular of the most sophisticated electronic platforms in the business enterprise.
Jinhyeok Jeong, founder and CEO of Centroid Investment decision Associates mentioned:
“TaylorMade Golfing is a transformational financial investment for Centroid. We were very thrilled to have the prospect to commit in a worldwide chief in golfing. The sector is currently experiencing substantial need, greater participation with potent very long-term opportunities all-around the environment. TaylorMade is an legendary brand name with ongoing momentum throughout the vital golf gear types and regions, specially the Korean and broader Asian markets.”
Korea is the third biggest golfing industry, with the US and Japan being quantities 1 and two. Korea has been experiencing superior once-a-year development due to the fact the 2010’s thanks to the influence of screen golf, and the new participation of youthful generations and females golfers. Centroid has been keenly knowledgeable of the large-expansion Korean marketplace and is self-assured in its continued growth, along with other places in the global golfing current market.
Completion of the transaction is predicted afterwards this 12 months and is matter to customary closing ailments and approvals.
DLA Piper and Kim & Chang served as authorized counsel to Centroid, and KPMG, Bain and Organization, and Caple Advisory acted as advisors to Centroid.
About Centroid Investment decision Companions LC
Founded in 2015, Centroid Investment Partners LC (“Centroid”) is a Seoul-based mostly non-public fairness firm. Because its inception, Centroid has founded a demonstrated track history of strategic buyout transactions in Korea throughout a assorted established of industries, with its most new buys of the South Springs Place Club, Kolon Advance Fiber, and Woongjin Booxen. Centroid creates price for its trader partners by strategically transforming firms to improve profitability and competitiveness, whilst operating carefully with administration and its assorted partners and gurus to recommend on strategic expansion.
Perspective supply variation on businesswire.com: https://www.businesswire.com/news/property/20210511006102/en/
Contacts
Media Call:
Centroid Expenditure Companions: Yera Choi, ([email protected], +82 2 780 8071)
