Fresh off the Nova Scotia golf trip, I couldn't resist a golf-inspired case study. This one's particularly relevant—it shows how timing and operational discipline can turn a distressed asset into a 9x return.
I’m also welcoming a new sponsor Buyside Hub and a PE-focused job board. My goal is to keep everything in your inbox genuinely useful, so let me know if this is a hit or a miss.
PE Playbook: TaylorMade
State of Play
Today, TaylorMade sits near the top of the golf world with a star-studded roster of tour sponsorships—Tiger Woods, Rory McIlroy, Scottie Scheffler, and more. But the path here wasn’t straight.
In 2017, Adidas gave up on golf and sold the money-losing TaylorMade to KPS Capital for $425 million. Four years later, KPS sold it to South Korea’s Centroid Investment Partners for ~$1.7 billion, reportedly a 9x equity return. Now, Centroid is prepping an exit at a rumored $3.5 billion valuation.
Let’s unpack this fascinating private equity turnaround story.
Private Equity Compensation Analytics
Buyside Hub has become one of the most useful resources I’ve seen for people in private equity. It’s packed with verified compensation data points from firms like Apollo, Blackstone, KKR, and Carlyle, plus carried interest figures that are hard to find anywhere else.
From Analysts through Principals, it’s a quick way to benchmark your pay package.
You can access thousands of comp datapoints on www.buysidehub.com
