TaylorMade Sold – Key Takeaways:
- Breaking News: TaylorMade sold to a Korean Private Equity firm for $1.6 billion.
- KPS Financial bought TaylorMade from adidas in 2017 for $425 million.
- Sale comes amidst reports of the highest industry-wide Q1 golf equipment sales on record.
Who owns TaylorMade Golf Clubs now?
May 12, 2021 · Four years after private equity firm KPS Partners acquired Carlsbad-based TaylorMade from Adidas AG for $425 million, they’ve sold the golf equipment brand to Seoul-based Centroid Investment...
What does TaylorMade Golf do?
Feb 02, 2022 · TaylorMade Four years after private equity firm KPS Partners acquired Carlsbad-based TaylorMade from Adidas AG for $425 million, they’ve sold the golf equipment brand to Seoul-based Centroid Investment Partners for an undisclosed sum. Who owns TaylorMade now? On May 10, 2017 it was announced that KPS Capital Partners acquired TaylorMade for US$425 …
How much did TaylorMade sell for?
May 12, 2021 · John J Edwards III May 11, 2021, 12:49 PM PDT The golf brand TaylorMade is changing hands, with a Korean private equity firm acquiring the company amid a global boom in the sport. Seoul-based...
Did TaylorMade buy South Springs Country Club?
May 11, 2021 · KPS bought TaylorMade – established in 1979 – from Adidas in 2017 for $425 million. TaylorMade since benefitted from last year’s boom in golf participation, particularly in the United States where...
Who owns TaylorMade now?
Centroid Investment partnersTaylorMade Golf is currently a subsidiary of Centroid Investment partners after it was purchased from KPS Capital Partners in May 2021. TaylorMade's initial success came with the innovation of metal drivers, which debuted in 1979 and have subsequently dominated the golf market.
Who is buying TaylorMade Golf?
Centroid Investment PartnersAn investor consortium led by the Seoul-based equity firm Centroid Investment Partners has closed a $1.87 billion deal to buy a 100 percent stake in TaylorMade Golf from US private equity firm KPS Capital Partners, Centroid said Tuesday.Aug 3, 2021
Who is the parent company of TaylorMade Golf?
Centroid Investment PartnersTaylorMade 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.May 11, 2021
Did KPS sell TaylorMade?
Four years after private equity firm KPS Partners acquired Carlsbad-based TaylorMade from Adidas AG for $425 million, they've sold the golf equipment brand to Seoul-based Centroid Investment Partners for an undisclosed sum.May 12, 2021
Who owns FootJoy?
Acushnet Holdings CompanyFootJoy comes under the umbrella of Acushnet Holdings Company, which also owns Titleist and Scotty Cameron. Acushnet acquired FootJoy in 1985. 5. In 1959 the company moved its production to Massachusetts and that is where its headquarters remains today.Nov 21, 2019
Did Adidas buy TaylorMade?
It was still owned by Adidas, which acquired TaylorMade in 1997 when it bought ski brand Salomon. But amid the steady decline of the golf equipment industry, Nike and Adidas both exited the golf club business.Apr 16, 2019
Who is Callaway owned by?
Callway markets its products in more than 70 countries worldwide. The American company, based in Carlsbad, California, is the world's largest manufacturer of golf clubs....Callaway Golf Company.TypePublicFounded1982FounderEly Reeves Callaway, Jr.HeadquartersCarlsbad, California , U.S.Area servedWorldwide14 more rows
Is TaylorMade owned by Nike?
Nike have confirmed that they are to purchase TaylorMade Golf and all of it's subsidiaries in a deal worth $1.5 billion, it was announced today.
Why is it called TaylorMade?
His new “metal wood” had a 12-degree loft and he called it the Pittsburgh Persimmon, a nod to the great Pennsylvania steel city. These were the clubs Adams carried to the merchandise show that day. In sales pitches for the new club, he called his company TaylorMade Golf.Dec 6, 2018
Who owns KPS Capital Partners?
David Shapiro, Co-Founder and Managing Partner, KPS Capital Partners, KPS.
When did Adidas sell TaylorMade?
In 2016, Adidas put its TaylorMade golf clubs up for sale to focus on its shoes and clothing as the golf industry was under pressure. It finally found a buyer after a year — but that sale dented Adidas' earnings.Apr 14, 2019
Who bought Taylormade from Adidas?
Centroid’s other buyouts have included Kolon Advance Fiber and Woongjin Booxen, a book distributor. KPS bought TaylorMade – established in 1979 – from Adidas in 2017 for $425 million.
Where is Taylormade made?
TaylorMade – which is based in Carlsbad, California – also benefits from a PGA Tour staff of players promoting the brand that includes Dustin Johnson, Rory McIlroy, Tiger Woods and several other top players. The roster of top players includes several on the LPGA, which is extremely popular in South Korea, the home of Centroid.
Is Taylormade a brand?
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.
Who is Taylormade Golf?
Founded in 1979, TaylorMade is being sold to a South Korean private equity firm. Copy Link URL Copied! The parent company of Tay lorMade Golf, one of Carlsbad’s largest employers, has agreed to sell the well-known golf equipment maker to South Korean private equity firm Centroid Investment Partners for an undisclosed price.
Where is Taylormade made?
TaylorMade’s headquarters in Carlsbad. (Courtesy of TaylorMade) After several years of flat or declining participation, golf rounds played in the U.S. surged 14 percent last year, according to industry research firm Golf Datatech.
How much did Morgan Stanley pay for Taylormade?
While the purchase price was not disclosed, the New York Times reported in February that KPS adviser Morgan Stanley was asking up to $2 billion for TaylorMade. And last week, The Korean Economic Daily pegged the price-tag for Centroid at $1.7 billion.
Which country has the third largest golf market?
Advertisement. South Korea is the third-largest global golf market, behind the US and Japan. According to Centroid, growth has been driven by the influence of golf simulators and new participation of younger players and women golfers.
Who sold Taylormade golf?
· After months of shopping its golf brands, Adidas has sold TaylorMade, Adams Golf and Ashworth Golf to KPS Capital Partners LP for $425 million.. The sports apparel and …
Who bought Taylormade?
· Adidas took over the TaylorMade brand in 1997 when it bought French equipment maker Salomon for $1.4 billion. The company bought Ashworth for $72.8 million in 2008 and Adams Golf …
When did Adidas buy Taylormade?
· Adidas bought TaylorMade in 1997 as part of its $1.4 billion acquisition of French skiing label Salomon, developing it into the world’s biggest supplier of golf drivers. It bought smaller ...
Who is Taylormade sold to?
Today’s Korea Economic Daily Global Edition is reporting that TaylorMade has been sold to Centroid Investment Partners, a Korean Private Equity firm for $1.6 billion. The newspaper reports it is the largest-ever acquisition in the golf industry. The deal is expected to be finalized in July.
Where did Taylormade buy Acushnet?
Last year it purchased the South Springs Country Club in South Korea for a reported $153 million. The TaylorMade deal is the largest purchase and sale in golf since Fila Korea Ltd. bought Acushnet in 2011 for $1.3 billion.
Is golf hotter than ever?
But thanks to COVID, golf is hotter now than it’s ever been. Golf equipment sales have been setting sales records for three straight quarters. Golf Datatech is reporting U.S. retail sales were up 72 percent in Q1 of 2021, compared to last year. Compared to Q1 of 2019, sales this year are still up a remarkable 49%.
History
TaylorMade incorporated in 1979 after Gary Adams borrowed $24,000 on his house and leased a 6,000 square foot building in McHenry, Illinois. He originally had three employees and sold only one item, his newly invented 12-degree loft metalwood.
Endorsements
As with most golf equipment companies, TaylorMade maintain endorsement deals with many professional golfers on the leading tours, including past world number ones Tiger Woods, Rory McIlroy, and Dustin Johnson. Most contracted players will have the majority, if not all, of their playing equipment supplied by the company.
External links
This list includes companies that produce sports equipment. List by sport include only current products manufactured