JPMorgan, Jefferies picked to manage TaylorMade Golf sale

Its anchor investor F&F suggests postponing the divestment, sources say

The 2021 purchase of TaylorMade by Centroid Investment, founded in 2015, marked its largest ever deal 
The 2021 purchase of TaylorMade by Centroid Investment, founded in 2015, marked its largest ever deal 
Da-Eun Choi 1
2025-03-19 15:20:30 max@hankyung.com
Mergers & Acquisitions

Centroid Investment Partners, a Seoul-based private equity firm, has selected JPMorgan and Jefferies as lead managers for the sale of TaylorMade Golf Co., which it acquired for $1.7 billion in 2021.

Centroid proposes a valuation of around $3.3 billion for one of the world’s top golf club brands, or 15 times earnings before interest, tax, depreciation and amortization of $220 million in 2023.

Back in 2021, the private equity house formed a project fund for the deal, with contributions from Korean fashion retailer F&F Co., MG Korean Federation of Community Credit Cooperatives, National Agricultural Cooperative Federation and National Credit Union Federation of Korea.

Posing a hurdle to the sale, however, the strategic and anchor investor in TaylorMade, F&F, suggests postponing the divestment in light of the company's business performance, according to the sources.

In an interview with Nikkei Asia in January, Jeong Jin-hyeok, CEO of Centroid Investment, said TaylorMade has grown more than 20% on average per year since its acquisition. 

Write to Da-Eun Choi at max@hankyung.com
 


Yeonhee Kim edited this article.
#TaylorMade #M&As #CentroidInvestmentPartners #TaylorMadeGolf #JPMorgan #Jefferies #F&F

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