KPS Capital Partners, which acquired the TaylorMade from Adidas in 2017, is receiving KRW 1.8 trillion ($1.6 billion) for the brand from Centroid Investment Partners, a Seoul, Korea-based private equity firm, according to The Korea Economic Daily. The price represents a 12x multiple of 2021 projected EBITDA of KRW 150 billion, up from KRW 126.5 billion in 2020. Soaring post-pandemic golf participation has been a significant tailwind for all companies in the segment, giving KPS a nice return on the $425 million it paid four years ago. KPS said that its investments in the company included new manufacturing technologies, a ... Log in to view full article.