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Article Date: May 2017
Word Count: 270

Adidas Sells TaylorMade for $425 Million

After putting it on the block a year ago, the Big a has finally unloaded its golf equipment business to KPS Capital Partners, a $5.2 billion private equity fund that invests in a wide variety of companies ranging from basic industries to consumer and luxury goods. Adidas said it would take a charge in the range of €100 million during its next quarter as a result of the deal. It will be paid with a combination of cash, secured notes and contingent considerations and is expected to close before the end of the year. Adidas added that the divestiture had ... Log in to view full article.


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