TaylorMade “may begin the sale of its management rights as early as next month,” with the company aiming for a valuation of around $3.5B, according to sources cited by Noh Ja-woon of the CHOSUN DAILY. Sale advisors JP Morgan and Jefferies “plan to send teaser letters” to potential buyers in June or July. Strategic investors from China and the Middle East “are expected to be key targets.” Centroid Investment Partners, a South Korean private equity firm that currently controls TaylorMade, is said to be targeting the $3.5B sale price “based on a valuation benchmarked against Acushnet Holdings.” South Korean fashion group F&F, which joined as a strategic investor at the time of Centroid’s 2021 acquisition of the golf OEM, “remains opposed to the sale” (CHOSUN DAILY, 5/12).
Report: Sale of TaylorMade may begin soon
