TaylorMade majority owner Centroid Investment Partners has “signaled it will consider selling the equipment maker,” according to Jim Nugent of GLOBAL GOLF POST. Jeong Jin-hyeok, CEO of the South Korea-based PE fund, indicated to Nikkei Asia last month that he was “considering a sale of the company, dependent on the performance of the new Tiger Woods apparel line.” He told the magazine, “It’s the first full year since we launched [a new apparel brand] with Tiger Woods. So, I think we may consider exiting after reviewing this performance.” Nugent notes industry observers considered that statement “as the opening salvo in a sale process, with Centroid apparently using the ‘Nikkei Asia’ article to invite bids from interested parties” (GLOBAL GOLF POST, 2/14).
Report: TaylorMade owner considering selling golf heavyweight
