TaylorMade is for Sale (Again)!

[ChetlovesMer]

Dang, if only I had a spare 2 billion lying around I'd purchase TaylorMade Golf.

Report: TaylorMade Golf up for sale by private equity firm KPS Capital

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Three-plus years after KPS Capital Partners acquired TaylorMade from Adidas, the equipment manufacturer could be on the verge of changing hands once again.

It's funny how people talk. I heard that Taylormade was up for sale from a couple old guys at the driving range. (Yes, they were even older than me.) 

They were positioning it as "See, I told you Taylormade sucks." They were kind of mocking the brand for being sold only 3 years after being purchased. 

When I read this article however, I see that they were owned by KBS who stand to make 1.5 billion dollars on the deal in only 3 years. KBS is a private equity firm. Which means they are in business to make money. Which is exactly what they will do if they sell Taylormade. Now, I know I went to Chicago Public Schools, but selling a company for 4 times what you paid for it after only owning it for 3 years... that seems like pretty good business to me. 

I think what happens is people see that somebody buys a golf company and they think what I initially do... "Gee, I'd like to own a golf company." I immediately thought the same thing. Then if that same company sells off the golf company, people initially think they are selling it because they don't like that company anymore, or perhaps there's something wrong with the company. But in this case it looks like they bought it because they thought they could make a bunch of money on it. Now, they will sell it because as it turns out THEY WERE RIGHT.

 

[boogielicious]

8 minutes ago, ChetlovesMer said:

Dang, if only I had a spare 2 billion lying around I'd purchase TaylorMade Golf.

Report: TaylorMade Golf up for sale by private equity firm KPS Capital

---

Three-plus years after KPS Capital Partners acquired TaylorMade from Adidas, the equipment manufacturer could be on the verge of changing hands once again.

It's funny how people talk. I heard that Taylormade was up for sale from a couple old guys at the driving range. (Yes, they were even older than me.) 

They were positioning it as "See, I told you Taylormade sucks." They were kind of mocking the brand for being sold only 3 years after being purchased. 

When I read this article however, I see that they were owned by KBS who stand to make 1.5 billion dollars on the deal in only 3 years. KBS is a private equity firm. Which means they are in business to make money. Which is exactly what they will do if they sell Taylormade. Now, I know I went to Chicago Public Schools, but selling a company for 4 times what you paid for it after only owning it for 3 years... that seems like pretty good business to me. 

I think what happens is people see that somebody buys a golf company and they think what I initially do... "Gee, I'd like to own a golf company." I immediately thought the same thing. Then if that same company sells off the golf company, people initially think they are selling it because they don't like that company anymore, or perhaps there's something wrong with the company. But in this case it looks like they bought it because they thought they could make a bunch of money on it. Now, they will sell it because as it turns out THEY WERE RIGHT.

 

Let’s all check our couches and see if we can get enough money to make this happen!

[Double Mocha Man]

40 minutes ago, boogielicious said:

Let’s all check our couches and see if we can get enough money to make this happen!

Count me in.  I found an old wine cork, my lost shaker of salt, a cigar cutter and a dime.  Forwarding the dime to you...

56 minutes ago, ChetlovesMer said:

Dang, if only I had a spare 2 billion lying around I'd purchase TaylorMade Golf.

Report: TaylorMade Golf up for sale by private equity firm KPS Capital

---

Three-plus years after KPS Capital Partners acquired TaylorMade from Adidas, the equipment manufacturer could be on the verge of changing hands once again.

It's funny how people talk. I heard that Taylormade was up for sale from a couple old guys at the driving range. (Yes, they were even older than me.) 

They were positioning it as "See, I told you Taylormade sucks." They were kind of mocking the brand for being sold only 3 years after being purchased. 

When I read this article however, I see that they were owned by KBS who stand to make 1.5 billion dollars on the deal in only 3 years. KBS is a private equity firm. Which means they are in business to make money. Which is exactly what they will do if they sell Taylormade. Now, I know I went to Chicago Public Schools, but selling a company for 4 times what you paid for it after only owning it for 3 years... that seems like pretty good business to me. 

I think what happens is people see that somebody buys a golf company and they think what I initially do... "Gee, I'd like to own a golf company." I immediately thought the same thing. Then if that same company sells off the golf company, people initially think they are selling it because they don't like that company anymore, or perhaps there's something wrong with the company. But in this case it looks like they bought it because they thought they could make a bunch of money on it. Now, they will sell it because as it turns out THEY WERE RIGHT.

 

Well. I can contribute a dime.  For that dime I get to tell golfing buddies I'm a part owner of Taylormade.  As a kid, from the back of a cereal box, I bought a square foot of land in Alaska.  Still own it... I should develop it.  And just saw on the internet that I can now buy a square foot of Scotland.  Gets me the right to be called a Lord.  You may now call me Lord Double Mocha Man.  Thank you.