Browsing Golf Industry NewsVIEW ALL

KPS Capital Partners To Sell TaylorMade Golf Company, Inc. To Centroid Investment Partners

POSTED ON May 12, 2021 @ 7:22 pm

KPS Capital Partners, LP (“KPS”) announced today that it has signed a definitive agreement to sell its portfolio company, TaylorMade Golf Company, Inc. (“TaylorMade” or the “Company”), to Centroid Investment Partners (“Centroid”), a Seoul, Korea based private equity firm. Financial terms of the transaction were not disclosed.

Global designer

TaylorMade is a leading global designer and manufacturer of golf clubs, balls, bags and accessories with #1 or #2 market positions in most of its key products and geographies. For over 40 years, TaylorMade has brought innovative, high performance product technologies to golfers worldwide and is represented by some of the world’s best Professional Tour athletes in the game; including World #1 Dustin Johnson, Tiger Woods, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi and Sierra Brooks.

KPS acquired TaylorMade in 2017 from adidas AG in a highly complex global corporate carve-out transaction involving the separation of shared facilities, employees, distribution infrastructure and material commercial arrangements.

TaylorMade was transformed under KPS’ ownership into a fully independent, focused golf equipment company that achieved market leadership in all its key product categories and experienced the highest growth rates in the industry. TaylorMade invested heavily in industry leading equipment technologies, introduced a series of revolutionary new products, 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.  As a result of these initiatives, the Company rapidly progressed from generating material operating losses between 2015 and 2017 to substantial growth in profitability each year under KPS ownership.

David Shapiro, Co-Founder and Co-Managing Partner of KPS stated, “TaylorMade demonstrates KPS’ ability to see value where others do not, buy right and make businesses better. KPS recognized the value of the iconic TaylorMade brand, its cutting-edge product portfolio, the talent of its world-class management team and employees and the opportunity to align the Company’s cost structure with the market realities.”

Passion for the game

Mr. Shapiro added, “We congratulate and thank CEO David Abeles, TaylorMade’s management team and the entire organization for their tremendous dedication to the brand and Company and their passion for the game of golf.  The Company is well positioned for continued growth and industry leadership and is poised for accelerated growth in the important Korean market as well as the rest of Asia under Centroid’s ownership.”

David Abeles, Chief Executive Officer of TaylorMade, added, “Our partnership with KPS has been extraordinary. It has been inspiring and incredibly productive to work with the team across the firm. From the beginning, KPS had the vision to recognize the strength and potential of the TaylorMade brand and business. Under KPS’s ownership, TaylorMade has become a far better company by investing in our operations, product technology pathways, product development processes and, importantly, in our people. TaylorMade has never been better positioned for future growth than we are today.”

Paul Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel and Morgan Stanley and Allen & Co. served as financial advisors to KPS and TaylorMade.  Completion of the transaction is subject to customary closing conditions and approvals.

Related Articles:

Comments are closed.

CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

Grow the Game Central Golf Recruitment Central Golf Marketing Central

GBA partners with Australia’s leading membership funding company ‘Pay As You Golf’

    Australia’s fastest-growing golf industry-specific insurance provider,...

Royal Queensland set to host 2032 Olympic golf competition

Earlier this week the International Olympic Committee’s (IOC)...

Thirteenth Beach Golf Links' New Short Course Now Open

One of Australia’s premier golfing destinations Thirteenth Beach...

GMA & ASTMA join forces to provide Australia’s largest ever golf industry event

Golf Management Australia (GMA) and the Australian Sports Turf Managers Association (ASTMA) are proud to deliver Australia’s largest ever golf industry conference...

GMANZ joint Summit and Fine Turf Seminar seminar voted a resounding success

The joint inaugural 2021 Golf Managers Association New Zealand and NZ Golf Course Superintendents Association Summit and Fine Turf Seminar held last...

Helicopter crashes onto Terrace Downs Resort golf course (NZ) - 4 injured

Helicopter crashes onto golf course in Windwhistle, Canterbury

A helicopter has crashed onto a golf course in rural Canterbury, injuring all four people on board. Three people with serious injuries...

Controversy surrounds Mount Compass Golf Course rezoning

Mount Compass

The rezoning saga surrounding picturesque Mount Compass Golf Course continues after a proposal to develop hundreds of housing allotments. The prolonged disagreements...

The R&A World Golf Museum reopened after redevelopment


From today, The R&A is pleased to welcome visitors to The R&A World Golf Museum, in St Andrews, which...

Women's Golf Day 2021 sets new global records

Now in its 6th year, Women’s Golf Day (WGD) kicked off with an early start yesterday with its first...

Jerome Ng to Step Down as SGA General Manager

Jerome Ng will be moving on from his role as General Manager of the Singapore Golf Association (SGA), effective...

ASIA: Managers plea for courses to open as golf is a non-danger sport

In light of the projections of the pandemic recovery plan announced the government this week, the Golf Club Managers...

Royal Queensland set to host 2032 Olympic golf competition

Earlier this week the International Olympic Committee’s (IOC) executive board proposed Brisbane to become the host city for the...

Chainsaws can hurt: Safety tips & information

epar chainsaw

At 9 am this week in Sydney, a worker was cut in the neck with a chainsaw. It is...