Taylormade golf sold to Centroid Investment Partners

[cnosil]

https://finance.yahoo.com/news/kps-capital-partners-sell-taylormade-140000665.html
 

 

[ejgaudette]

Just popped up on the MSG page too. Well talk about a nice tidy ROI on this one. Buying for 425 million and selling for 1.6 billion I would have to imagine is better than just about anyone would have thought. Seems like buying at the absolute high point given golf's uptick in play and sales, especially given Taylormade's more limited product catalog. Hope if keeps up otherwise this sale might not look to good in the future. As mentioned in the MAG article if they sold for 1.6 billion on projected 132 million in annual profits what does that make Callaway worth with projected profits of 211 million.