Centroid Investment Partners LC, a Seoul-based private equity firm, announced today that it has signed a definitive agreement to acquire the TaylorMade Golf Company from KPS Capital Partners LP. TaylorMade is a global manufacturer of golf equipment, balls, bags and accessories.
Jinhyeok Jeong, founder and CEO of Centroid Investment Partners, stated, “TaylorMade Golf is a transformational investment for Centroid. We were very excited to have the opportunity to invest in a global leader in golf. The industry is currently experiencing high demand, increased participation with strong long-term opportunities around the world. TaylorMade is an iconic brand with continued momentum across the key golf equipment categories and regions, especially the Korean and wider Asian markets.”
DLA Piper and Kim & Chang served as legal counsel to Centroid, and KPMG, Bain & Co., and Caple Advisory acted as advisors to Centroid.