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Adam Schupak, Golfweek
Tue, May 13, 2025, 2:06 PM 2 min read
Is TaylorMade Golf astir to deed the block?
Talk that the Carlsbad, Calif.-based instrumentality shaper could beryllium sold has accelerated, according to a study connected May 9 successful the Chosun Daily, a Korean publication.
Earlier this year, Centroid Investment Partners, a South Korean backstage equity steadfast that purchased TaylorMade Golf successful 2021, was reported to beryllium considering selling the instrumentality maker. The latest study claims that TaylorMade whitethorn statesman the merchantability of its absorption rights, “as aboriginal arsenic adjacent month, with the institution aiming for a valuation of astir $3.5 billion.”
The $3.5 cardinal targeted income terms is believed to beryllium based connected a valuation benchmarked against Acushnet Holdings, the genitor of Titleist.
According to concern banking sources, merchantability advisors JP Morgan and Jefferies program to nonstop teaser letters to imaginable buyers successful June oregon July. Strategic investors from China and the Middle East are expected to beryllium cardinal targets.
There’s 1 imaginable holdup: F&F, the South Korean manner radical that joined arsenic a strategical capitalist astatine the clip of Centroid’s 2021 acquisition of TaylorMade, reportedly opposes the sale. “Through ineligible counsel Yulchon LLC, F&F has submitted ceremonial notices stating it volition workout its close to o.k. large firm decisions should the woody proceed,” the Chosun Daily reported.
F&F besides argues that the scope of its close of archetypal refusal remains ambiguous. The institution holds some the close to o.k. cardinal decisions and the close of archetypal refusal connected TaylorMade, and has consistently opposed a sale—pushing alternatively for continued maturation and a aboriginal IPO.
Centroid maintains that the planned merchantability does not autumn nether F&F’s support rights and charges that the presumption of the close of archetypal refusal are intelligibly defined. If a third-party purchaser presents an offer, F&F would person 14 days to lucifer oregon transcend that terms to instrumentality control. F&F invested $392 cardinal into the money erstwhile TaylorMade was valued astatine conscionable $1.5 billion.
In January, Jeong Jin-hyeok, the CEO of Centroid Investment, told Nikkei Asia that helium is, “satisfied with TaylorMade’s play shot concern arsenic it has grown much than 20 percent connected mean per twelvemonth since Centroid’s acquisition successful 2021, portion noting that helium volition beryllium monitoring however its covering operations execute done 2025.”
That would beryllium a notation to the apparel business, which the institution backed past year, with Tiger Woods and known arsenic Sun Day Red.
This nonfiction primitively appeared connected Golfweek: TaylorMade's proprietor reportedly preparing to merchantability play instrumentality maker
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