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TaylorMade Golf sold to KPS Capital Partners, LP


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I know a VP at Adidas that was hinting at this a few months ago. I'm sure they are glad to have that money pit off their books.

 

 

Sent from my iPhone using MyGolfSpy

WITB:

 

Driver: Taylormade M2 (2016) 10.5° | Fujikura Pro Stiff 60g

Fairway: Taylormade Aeroburner 2.0 TP 16.5° | Diamana Whiteboard Stiff 80g

Hybrid: Titleist 915h 21° | Diamana Blueboard Stiff 80g

Driving Iron: Titleist 712U 3 Iron | Kuro Kage Stiff 70g

Irons: Titleist AP2 714 4-PW | KBS Tour 90 Stiff Shafts

Wedges: Titleist Vokey SM5 50°/54°/58°

Putter: Scotty Cameron 2016 Newport 2 | SuperStroke Mid Slim 2.0 

Ball: Taylormade TP5x

 

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My first thought was, "Oh man, a lot of people are about to get fired..." Reading up on KPS, it seems like they aren't the slash and bail kind of equity firm you hear bad things about (Bain Capital anyone?). I think this could be a good fit for them. Still,probably a few nervous folks though!

Driver:  :ping-small:  G 10.5* W/Tour Stiff 65g Ping Shaft   

Fairway Woods:  :cobra-small:  Cobra F6 13.5*, F6 Baffler 16*  

Irons: Split Set-  :ping-small: i200 3i - 7i ,  :benhogan-small: Ft Worth 15s, 8 (36), 9 (40), PW (44) 

Wedges: :benhogan-small:  TK, 52* & 56*

Putter:  :ping-small: Sigma G Kushin 

Bag:  :ping-small: Hoofer 5way

Balls:  :taylormade-small: TP5/X

 

 

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I wonder when this is effective?

In my bag:

Driver: :callaway-logo-1: Rogue ST Triple Diamond LS 10.5* (set to 9.5) UST Lin-Q Gunmetal 6f5

Wood: :titleist-small: Tsi2 15* Project X RDX Black 70 6.5

Hybrids: :cobra-small: King Utility 19.5* Diamana Tensei White Pro 90TX

Irons: :cobra-small: Cobra King Tour MIM 4-PW Dynamic Gold 120 X100

Wedges: :taylormade-small: Milled Grind 3 50*, 54*, 58* Tour Issue S400

Putter: :seemore-small: Nashville Z1C 34"

 Ball: :titleist-small:  Pro V1x

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The reports on the acquisition state the sale is structured half though cash and the remainder through a secured note and contingent considerations.   It would be interesting to know what those contingent considerations might be.   The reports also note that the business plan for Taylor Made includes strategic acquisitions.   It is definitely going to be interesting to watch.   

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Damn Jlukes has been on his game the last couple of days!

Driver- Tmag 2017 M2 tour issue 8.5* actual loft 7.8* w/ HZRDS Green PVD 70TX"
Fairway Metal- Taylormade SLDR Mini Driver 12* w/ Fujikura Rombax TP95-X"

Utility- Mizuno MPH5 1 iron w/ Aldila RIP 85X (depending on course/ conditions)

Irons- Mizuno MP- FLI HI 2i w/ Aldila Proto ByYou 100X
          Mizuno MP59 4i-6I w/ PX 6.5

          Mizuno MP69 7i-PW w/ PX 6.5

Wedges- Scratch 8620 Driver/Slider set.  50*, 54* bent to 55* and 60*

Putter- Taylormade Spider Tour w/ flow neck
Ball- Bridgestone Tour B X

Bag- Sun Mountain C130 Supercharged

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It's finally over, interested how this will shake out.

Wonder if the Addias players will be free agents to sign club deals.

 :srixon-small:  ZX5 MKII LS 8.5

:taylormade-small: Stealth 2 plus 3 wood

:taylormade-small: Stealth 2 plus 5 wood

:taylormade-small: Stealth 2 plus 19.5 Hybrid 

:srixon-small: ZX5 MKll 5 / AW Dart stiff

:taylormade-small: MG3 black 52 9b 58 12b

:scotty-small:  7.5 Phantom 34”

:srixon-small: Z Star Diamond 2023

 

 

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DJ to Nike?

 

 

- Alan

 

If I correctly saw  DJ is signed to an extension with Adidas. I don't see him switching anytime soon

 

http://www.golfdigest.com/story/dustin-johnson-adidas-agree-to-multi-year-apparel-deal 

In my bag:

Driver: :callaway-logo-1: Rogue ST Triple Diamond LS 10.5* (set to 9.5) UST Lin-Q Gunmetal 6f5

Wood: :titleist-small: Tsi2 15* Project X RDX Black 70 6.5

Hybrids: :cobra-small: King Utility 19.5* Diamana Tensei White Pro 90TX

Irons: :cobra-small: Cobra King Tour MIM 4-PW Dynamic Gold 120 X100

Wedges: :taylormade-small: Milled Grind 3 50*, 54*, 58* Tour Issue S400

Putter: :seemore-small: Nashville Z1C 34"

 Ball: :titleist-small:  Pro V1x

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If I correctly saw DJ is signed to an extension with Adidas. I don't see him switching anytime soon

 

http://www.golfdigest.com/story/dustin-johnson-adidas-agree-to-multi-year-apparel-deal

I remember, just hoping this gets him out of the contract. I really don't see adidas making an impact on golf apparel from here on out. I own some of their shirts, and shoes. Shoes are great, don't care for the shirts.

 

 

- Alan

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I remember, just hoping this gets him out of the contract. I really don't see adidas making an impact on golf apparel from here on out. I own some of their shirts, and shoes. Shoes are great, don't care for the shirts.

 

 

- Alan

 

I have never liked the fit of their clothing and yes their shoes are alright. But as far as the contract goes it looks like he is tied to it

In my bag:

Driver: :callaway-logo-1: Rogue ST Triple Diamond LS 10.5* (set to 9.5) UST Lin-Q Gunmetal 6f5

Wood: :titleist-small: Tsi2 15* Project X RDX Black 70 6.5

Hybrids: :cobra-small: King Utility 19.5* Diamana Tensei White Pro 90TX

Irons: :cobra-small: Cobra King Tour MIM 4-PW Dynamic Gold 120 X100

Wedges: :taylormade-small: Milled Grind 3 50*, 54*, 58* Tour Issue S400

Putter: :seemore-small: Nashville Z1C 34"

 Ball: :titleist-small:  Pro V1x

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I have never liked the fit of their clothing and yes their shoes are alright. But as far as the contract goes it looks like he is tied to it

Love their shoes. And I'd love their shirts if I was cut more like dj sadly I'm more cut like jd. (Jon Daly)

 

Callaway big bertha adilia rogue stiff with 1" tip

cobra f7 3 wood stiff

m2 3 hybrid adilia rogue stiff with half inch tip

Ping ie1 true temper xp 105 s300

mack daddy 2 56 and 60 wedges

stx putter

left handed

Handicap: my swing.

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Love their shoes. And I'd love their shirts if I was cut more like dj sadly I'm more cut like jd. (Jon Daly)

 

Callaway big bertha adilia rogue stiff with 1" tip

cobra f7 3 wood stiff

m2 3 hybrid adilia rogue stiff with half inch tip

Ping ie1 true temper xp 105 s300

mack daddy 2 56 and 60 wedges

stx putter

left handed

Handicap: my swing.

 

If it makes you feel better, the shirts DJ wears (and most PGA Tour pros) are tailored to fit him better. Those guys are there to sell shirts and making them fit well makes them look a lot better.

Driver:  :ping-small:  G 10.5* W/Tour Stiff 65g Ping Shaft   

Fairway Woods:  :cobra-small:  Cobra F6 13.5*, F6 Baffler 16*  

Irons: Split Set-  :ping-small: i200 3i - 7i ,  :benhogan-small: Ft Worth 15s, 8 (36), 9 (40), PW (44) 

Wedges: :benhogan-small:  TK, 52* & 56*

Putter:  :ping-small: Sigma G Kushin 

Bag:  :ping-small: Hoofer 5way

Balls:  :taylormade-small: TP5/X

 

 

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TM should be better off owned by private capital than as a division of a public company, which will transfer to its customers.

 

 

$425 mill is a great deal as well.

But as a PE, I can see them selling in 4-7 years to a bigger player or issuing an IPO, so perhaps we're seeing the start of a roll up to go public.

WIT  :titelist-small: Sta Dry Bag:

 

Driver:       :taylormade-small: '17 M2

 

Woods:     :taylormade-small: M2 3W and 5W

 

Hybrids:   :callaway-logo-1: Apex 3h and 5h  

Irons:          :mizuno-small:   MP 18 MMC

 

Wedges:   :callaway-logo-1: MD PM Grind, 56* and 60*

Putter:      :scotty-cameron-1: California Sonoma

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Man, I was so close to owning TM! They only outbid me by 424,999,999. I was going with an all cash offer too!

 

MDGolfHacker

TSssWhat's In This Lefty's Bag?

Driver: :titleist-small: TSR2 11° Project X HZRDUS Black 4G 60g 5.5 Flex

Fairway Woods: :cobra-small: F8 3W Project X Even Flow Blue 75g shaft

Fairway Woods: 

Hybrid: :titelist-small: TSR2  18° Graphite Design Tour AD DI-85 Shaft

Irons: :titelist-small: 2021 T200's 4-GW AMT RED shafts Regular Flex

Wedge: :cleveland-small: Tour Satin RTX 4 Wedges in 52° and 56° 2 Dot

Putter: :nevercompromise-small: Gray Matter TDP 2.2 32.75"

Bag: :1590477705_SunMountain: Three 5

Ball:  :titelist-small:  PRO V1 / :srixon-small: Z*Star

RangeFinder:918457628_PrecisionPro: In search of new range finder

Social Media:

Facebook:   MD Golfhacker
Twitter:        @mdgolfhacker
Instagram:   mdgolfhacker

 

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My first thought was, "Oh man, a lot of people are about to get fired..." Reading up on KPS, it seems like they aren't the slash and bail kind of equity firm you hear bad things about (Bain Capital anyone?). I think this could be a good fit for them. Still,probably a few nervous folks though!

KPS has some golf talent among the ranks of senior executive staff listed in the "TEAM" section of their website.  

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Man, I was so close to owning TM! They only outbid me by 424,999,999. I was going with an all cash offer too!

 

MDGolfHacker

Let's get a mgs bid in for Ben Hogan instead. I'll put in $100

 

Callaway big bertha adilia rogue stiff with 1" tip

cobra f7 3 wood stiff

m2 3 hybrid adilia rogue stiff with half inch tip

Ping ie1 true temper xp 105 s300

mack daddy 2 56 and 60 wedges

stx putter

left handed

Handicap: my swing.

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Share on other sites

I suspect this sale will work out well over time. Guess we'll see right?

Companies like KPS do what they do and sometimes it involves laying people off if necessary. Just like Bain or any other company would do. It's called business. Business can be a rough and tumble environment.

I wish them well.

My Sun Mountain bag currently includes:   TWGTLogo2.png.06c802075f4d211691d88895b3f34b75.png 771CSI 5i - PW and TWGTLogo2.png.06c802075f4d211691d88895b3f34b75.png PFC Micro Tour-c 52°, 56°, 60 wedges

                                                                               :755178188_TourEdge: EXS 10.5*, TWGTLogo2.png.06c802075f4d211691d88895b3f34b75.png 929-HS FW4 16.5* 

                                                                                :edel-golf-1: Willimette w/GolfPride Contour

 

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