Centroid Investment Partners, which purchased TaylorMade Golf in 2021, is reported to be considering selling the equipment maker. Octavio Passos, Getty Images
A change of ownership may be in store for TaylorMade Golf this year, as the CEO of its majority owner has signaled it will consider selling the equipment maker.
The owner, South Korea-based private equity fund Centroid Investment Partners, acquired TaylorMade with a group of limited partners for $1.7 billion in 2021. Selling the company could be rife with complications, however, if reports in the Korean business media are to be believed.
In a January article published in Nikkei Asia – a Japan-based English language news magazine that covers Asia and is a sister publication to the London-based Financial Times – Centroid CEO Jeong Jin-hyeok said he was considering a sale of the company, dependent on the performance of the new Tiger Woods apparel line, Sun Day Red. “It’s the first full year since we launched [a new apparel brand] with Tiger Woods,” he said. “So, I think we may cons...