TaylorMade to be acquired by Centroid Investment Partners

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The private equity firm is based in Korea
Posted on
May 11, 2021
by
The Editorial Team in
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TaylorMade to be acquired by Centroid

TaylorMade to be acquired by Centroid Investment Partners


TaylorMade Golf Company, Inc. announced today that its current financial sponsor, KPS Capital Partners has signed a definitive agreement, through an affiliate, to sell TaylorMade Golf Company, Inc., to Centroid Investment Partners, a Seoul, Korea based private equity firm. Financial terms of the transaction were not disclosed.


TaylorMade to be acquired by Centroid

Established in 1979, TaylorMade is a leading global manufacturer of golf equipment, balls, bags and accessories with a #1 or #2 market position in most of its key categories and markets. For over 40 years, TaylorMade has brought innovative, high performance product technologies to golfers worldwide and has an unrivaled portfolio of athletes across the global tours including 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.


TaylorMade to be acquired by Centroid Investment Partners
David Abeles, Chief Executive Officer, TaylorMade Golf

TaylorMade to be acquired by Centroid


“This transaction is a very important milestone as we continue to build upon our brand’s momentum around the world. Not surprisingly, the sale process for TaylorMade generated tremendous interest from a wide range of prospective buyers and resulted in an agreement that reflects the outstanding performance of our business today, as well as the outlook for the future.”
- David Abeles, Chief Executive Officer, TaylorMade Golf

TaylorMade to be acquired by Centroid

After KPS acquired TaylorMade in 2017 from adidas, the company has transformed into a fully independent, golf equipment and golf ball company and has experienced the highest key product and market growth rates in the industry. TaylorMade invested heavily in industry leading technologies, introduced revolutionary performance advances in equipment, achieved significant market share growth in golf balls, built new manufacturing and distribution facilities, and successfully refocused its marketing strategy, including the expansive build-out of one of the most advanced digital platforms in the business.

Since 2017, TaylorMade has experienced substantial growth in revenue and profitability worldwide and is positioned in 2021 to have the strongest year in its history under the leadership of David Abeles, CEO of TaylorMade Golf, and its wider management team.

TaylorMade to be acquired by Centroid

"TaylorMade Golf is a transformational investment for Centroid. We are very excited to have the opportunity to invest in a global leader in golf. We are equally excited to work with CEO David Abeles and his exceptional senior management team to support continued growth and success."
-Jinhyeok Jeong, founder and CEO of Centroid Investment Partners

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About The Editorial Team

The editorial team at Golf Today strives to provide readers with captivating content that celebrates the rich heritage and exciting developments in the world of golf. Their collective expertise and dedication ensure that Golf Today remains a premier destination for golf enthusiasts seeking the latest news, insightful analysis, and engaging stories from the world of golf.

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