TaylorMade Golf is changing hands for the second time in the last four years. The Carlsbad, Calif.-based equipment manufacturer announced on Tuesday that current financial sponsor, KPS Capital Partners, has signed a “definitive agreement” to sell the company to Centroid Investment Partners, a Korea-based private equity firm.
“This transaction is a very important milestone as we continue to build upon our brand’s momentum around the world,” said David Abeles, TaylorMade’s Chief Executive Officer. “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.”
The best golf content delivered directly to your inbox.