TAYLORMADE SOLD – KEY TAKEAWAYS: Breaking News: TaylorMade sold to a Korean Private Equity firm for $1.6 billion. KPS Financial bought TaylorMade from adidas in 2017 for $425 million. Sale comes amidst reports of the highest industry-wide Q1 golf equipment sales on record. We’re hearing rumblings this morning the rumored sale of TaylorMade is now a reality. Today’s Korea Economic Daily Global Edition is reporting that TaylorMade has been sold to Centroid Investment Partners, a Korean Private Equity firm for $1.6 billion. The newspaper reports it is the largest-ever acquisition in the golf industry. The deal is expected to be finalized in July. $1.6 billion is a hefty price tag. KPS Financial LP, a New York-based private equity firm, purchased TaylorMade, Adams and Ashworth from adidas four years ago for $425 million. At the time, it was believed KPS would streamline and restructure TaylorMade with an eye towards selling it at a tidy profit. We’d say $1.6 billion – roughly four times the original investment – qualifies as mission accomplished.