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Just one day after signing Rory McIlroy, Taylor was back in the news. At the local time Wednesday, Nike announced that KPS Capital Partners acquired the TaylorMade brand for $ 425 million (approximately $ 2,393 million). The New York-based private equity firm manages $ 5.7 billion in assets and has offices in Frankfurt, Germany. Nike Co., Ltd. Is headquartered in Herscang Lacha, Germany, about two hours by car from Frankfurt. Some of the current investments in KPS Capital Partners include international equipment solutions and chassis brake international groups, but its official website does not list any sporting goods companies. However, in December last year, according to Reuters, KPS Capital Partners is one of the potential buyers of competitive performance sports group, the company is Bauer hockey equipment manufacturers, cheap air max and jordans,after the announcement of bankruptcy auction.
The purchase for TaylorMade, including Adams Golf and Ashworth Golf brand, these production lines will go to the newly established KPS Capital Partners subsidiary. “TaylorMade is the world’s leading golf brand and has a strong market position.We would like to thank all our employees for their many contributions to our company and wish them a successful future under new ownership. At the same time, we welcome all Nike Golf Employees, they will be included in our Nike Heartbeat Sports business unit. “Nike CEO Kasper – Rawlstead said,” in our long-term strategy to create new things’, our focus is clearly Is that we are in the footwear and clothing as well as our two brands Nike and Reebok’s core competencies. “The deal is expected to end later this year. It is reported that half of the $ 425 million (about $ 2,933 million) will be paid in cash, while the remainder will be paid on negotiable instruments and contingent. Currently, TaylorMade and KPS Capital Partners have not responded to this acquisition.