Centroid Investment Partners’ Acquisition of TaylorMade

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented KPS Capital Partners, LP in the transaction.

KPS Capital Partners, LP executed the sale of its portfolio company TaylorMade Golf Company, Inc. to Centroid Investment Partners, a Seoul, Korea-based private equity firm. Terms of the transaction were not disclosed. 

KPS acquired Carlsbad, California-based TaylorMade, a leading global designer and manufacturer of high-performance golf equipment, in 2017 from adidas AG and transformed the company into a fully independent, focused golf equipment company that achieved market leadership in all its key product categories and experienced the highest growth rates in the industry.

Established in 2015, Centroid Investment Partners LC (“Centroid”) is a Seoul-based private equity firm. Since its inception, Centroid has established a proven track record of strategic buyout transactions in Korea across a diverse set of industries, with its most recent purchases of the South Springs Country Club, Kolon Advance Fiber, and Woongjin Booxen. 

The Paul, Weiss team advising KPS included corporate partners Angelo Bonvino (Picture), Tracey Zaccone, Monica Thurmond and Greg Liu and counsel Erika Detjen; intellectual property partner Charles Googe and counsel Michael Kurzer; tax partner David Mayo; real estate partner Peter Fisch and counsel Barry Langman; executive compensation counsel Reuven Falik and Nicole Tark; antitrust counsel Marta Kelly; litigation counsel Steven Herzog; international trade counsel Richard Elliott; and environmental counsel William O’Brien.

Involved fees earner: Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; Erika Detjen – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Michael Kurzer – Paul Weiss Rifkind Wharton & Garrison; Barry Langman – Paul Weiss Rifkind Wharton & Garrison; Xiaoyu Greg Liu – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Nicole Tark – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison; Tracey Zaccone – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: KPS Capital Partners, LP;

Author: Martina Bellini