TaylorMade Golf to be acquired by Korean investment firm

TaylorMade Golf will be acquired by a Korean investment consortium, Centroid Investment Partners, according to an announcement from the company. 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.

Mike Stachura has more HERE for Golf Digest.

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