Adidas may have underestimated Tiger, this private equity firm may win

A few years ago, Adidas was struggling to find much interest in its TaylorMade golf clubs. After Tiger Woods’ historic Masters win on Sunday, it may want them back.


Pre-sale special edition replica TaylorMade Tiger Woods irons are now available for $2,000, a roughly 40 percent markup from standard irons.

KPS — which funded its purchase of TaylorMade half in cash and half in secured notes and contingent considerations —also has other investments that include engineering equipment company, International Equipment Solutions, and running gear company, DexKo Global.

TaylorMade declined to comment, while KPS and Adidas did not immediately respond to CNBC’s request for comment after work hours.

Source link

Leave a Comment

Trump wishes 'no ill will' with tweet on Muslim lawmaker: White HouseIvanka Trump in Ethiopia to 'promote women'