CARLSBAD, Calif: TaylorMade Golf Company, Inc. announced Tuesday that its current financial sponsor, KPS Capital Partners has signed a definitive agreement, through an affiliate, to sell TaylorMade Golf Company, Inc., to Centroid Investment Partners, a Seoul, Korea based private equity firm.
While the financial terms of the transaction were not disclosed, Korean Economic Daily reports that the buyout has been made at a $1.7 billion valuation.