KPS agrees to buy TaylorMade Golf for $425 mln from adidas AG

KPS Capital Partners has agreed to acquire TaylorMade Golf Co., which includes the TaylorMade, Adams and Ashworth brands. KPS will buy the company for total consideration of $425 million from adidas AG. Half of the purchase price will be paid in cash, with the balance in a combination of secured note and contingent considerations.

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