Golf Industry News - KPS Capital Partners

TaylorMade Golf is changing hands for the second time in the last four years after current owner KPS Capital Partners announced that it has signed a ‘definitive agreement to sell the company to Centroid Investment Partners, a Korea-based private equity firm.

KPS Capital Partners, LP announce that, through a newly formed affiliate, it has signed a definitive agreement to acquire the TaylorMade Golf Company – including the TaylorMade, Adams and Ashworth brands (collectively, "TaylorMade") – from adidas AG for total consideration of $425 million, around half of which will be paid in cash with the remainder in a combination of secured note and contingent considerations