TaylorMade Golf was bought in 2021 for $1.7 billion by Centroid Investment Partners, a Korean private equity company. Scott Halleran, Getty Images
A dispute triggered by the proposed sale of equipment maker TaylorMade Golf by its majority owner took a new turn with the owner, Korean private equity firm Centroid Investment Partners, threatening to pursue expulsion of Seoul-based apparel company F&F Co. Ltd. as a TaylorMade investor, according to a report published Monday by eDaily, a Korean economic news outlet.
Centroid, which bought TaylorMade from American private equity firm KPS Capital Partners for $1.7 billion in 2021, and F&F, which helped finance the deal and is believed to own nearly 50 percent of the company, have been at odds since early this year when Centroid first signaled it would consider selling the brand, contrary to its previously stated plans to take TaylorMade public. Centroid’s latest move, undertaken in tandem with other limited partners, according to the eDaily report, comes in response to F&F’s oppo...