Acushnet Holdings Corp.’s $149 Million Secondary Offering of Common Stock


Simpson Thacher represented Acushnet Holdings Corp. (“Acushnet”) in connection with a public offering of common stock by investment funds affiliated with Mirae Asset Global Investments Co. Ltd. (the “Selling Shareholder”).

The offering of 9,165,542 shares of common stock, which included the full exercise of the underwriters’ option to purchase 833,231 additional shares, raised approximately $149.2 million in net proceeds for the Selling Shareholder.

Morgan Stanley & Co. LLC and Nomura Securities International, Inc. acted as joint bookrunning managers for the offering.

Acushnet is the global leader in the design, development, manufacture and distribution of performance-driven golf products and is the steward of two of the most revered brands in golf—Titleist, one of golf’s leading performance equipment brands, and FootJoy, one of golf’s leading performance wear brands.

The Simpson Thacher team included Roxane Reardon (Picture), Jonathan Ozner, Clark Warthen and Taylor Steele (Capital Markets); Marcy Geller and Deborah Plum (Tax); and Jennie Getsin (FINRA).

Involved fees earner: Roxane Reardon – Simpson Thacher & Bartlett; Jonathan Ozner – Simpson Thacher & Bartlett; Charles Clark Warthen – Simpson Thacher & Bartlett; Taylor Steele – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Deborah Plum – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Acushnet Company Inc.;

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Author: Ambrogio Visconti