KPS Capital Partners verkoopt TaylorMade Golf Company, Inc. aan Centroid Investment Partners

2 maanden geleden Economie

Dit is een origineel bericht van
PR Newswire

NEW YORK, 12 mei 2021 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") heeft vandaag bekendgemaakt een definitieve overeenkomst te hebben ondertekend om zijn portefeuillebedrijf, TaylorMade Golf Company, Inc. ("TaylorMade" of het "Bedrijf") te verkopen aan Centroid Investment Partners ("Centroid"), een private-equityfirma in Seoul, Korea. De financiële voorwaarden van de transactie zijn niet bekendgemaakt.

TaylorMade is wereldwijd een toonaangevende ontwerper en fabrikant van golfclubs, golfballen, golftassen en golfaccessoires met #1 of #2 marktposities in de meeste van zijn belangrijkste producten en regio's. Al meer dan 40 jaar brengt TaylorMade innovatieve, hoogwaardige producttechnologieën naar golfers over de hele wereld en wordt vertegenwoordigd door enkele van 's werelds beste Professional Tour-atleten in het spel; waaronder 's werelds nummer 1 Dustin Johnson, Tiger Woods, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi en Sierra Brooks.

KPS verwierf TaylorMade in 2017 van adidas AG in een zeer complexe wereldwijde afsplitsingstransactie voor bedrijven, waarbij gedeelde faciliteiten, werknemers, distributie-infrastructuur en materiële commerciële regelingen werden gescheiden.

TaylorMade werd onder het eigendom van KPS getransformeerd tot een volledig onafhankelijk, gefocust bedrijf voor golfuitrusting dat marktleiderschap verwierf in al zijn belangrijkste productcategorieën en de hoogste groeicijfers in de branche kende. TaylorMade heeft zwaar geïnvesteerd in toonaangevende apparatuurtechnologieën, een reeks revolutionaire nieuwe producten geïntroduceerd, een aanzienlijke groei van het marktaandeel in golfballen gerealiseerd, nieuwe productie- en distributiefaciliteiten gebouwd en met succes zijn marketingstrategie herzien, inclusief de uitgebreide uitbouw van een van de meest geavanceerde digitale platforms in de branche. Als resultaat van deze initiatieven maakte het Bedrijf onder eigendom van KPS snel vorderingen van het genereren van grote operationele verliezen tussen 2015 en 2017 tot een substantiële groei van de winstgevendheid elk jaar.

David Shapiro, medeoprichter en mede-managing partner van KPS verklaarde: "TaylorMade toont het vermogen van KPS om waarde te zien waar anderen dat niet doen, goed te kopen en bedrijven beter te maken. KPS erkende de waarde van het iconische merk TaylorMade, zijn geavanceerde productportfolio, het talent van zijn managementteam en medewerkers van wereldklasse en de mogelijkheid om de kostenstructuur van het bedrijf af te stemmen op de marktrealiteit".

De heer Shapiro voegde toe: "We feliciteren en bedanken CEO David Abeles, het managementteam van TaylorMade en de hele organisatie voor hun enorme toewijding aan het merk en het bedrijf en hun passie voor het golfspel. Het bedrijf is goed gepositioneerd voor aanhoudende groei en leiderschap in de sector en is klaar voor versnelde groei in de belangrijke Koreaanse markt en in de rest van Azië onder eigendom van Centroid".

David Abeles, CEO van TaylorMade, voegde toe: "Onze samenwerking met KPS was buitengewoon. Het was inspirerend en ongelooflijk productief om met het hele team van het bedrijf samen te werken. Van meet af aan had KPS de visie om de kracht en het potentieel van het merk en de business van TaylorMade te erkennen. Onder de eigendom van KPS is TaylorMade een veel beter bedrijf geworden door te investeren in onze activiteiten, producttechnologieën, productontwikkelingsprocessen en, belangrijker nog, in onze mensen. TaylorMade is nog nooit zo goed gepositioneerd geweest voor toekomstige groei als nu".

Paul Weiss, Rifkind, Wharton & Garrison LLP dienden als juridisch adviseur en Morgan Stanley en Allen & Co. dienden als financieel adviseurs van KPS en TaylorMade. De afronding van de transactie is onderhevig aan de gebruikelijke sluitingsvoorwaarden en goedkeuringen.

Over TaylorMade Golf Company, Inc.

TaylorMade, met het hoofdkantoor in Carlsbad, Californië, is een toonaangevende fabrikant van hoogwaardige golfuitrusting, golfballen en golfaccessoires met toonaangevende, innovatieve producten zoals SIM2 metalwoods, SIM2 ijzers, P-serie ijzers, TP5/TP5X golfballen en Spider putters. TaylorMade is een belangrijke speler in de professionele tours van de wereld en heeft een ongeëvenaard portfolio van atleten, waaronder Tiger Woods, Dustin Johnson, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi en Sierra Brooks.

Over KPS Capital Partners, LP

KPS is, via zijn gelieerde beheerentiteiten, de beheerder van de KPS Special Situations Funds, een familie van investeringsfondsen met meer dan USD 12,3 miljard aan beheerd vermogen (per 31 december 2020). Al bijna drie decennia werken de Partners van KPS uitsluitend aan het realiseren van aanzienlijke kapitaalgroei door middel van controlerende aandeleninvesteringen in productie- en industriële bedrijven in een breed scala van industrieën, waaronder basismaterialen, merkproducten voor consumenten, gezondheidszorg en luxeproducten, auto-onderdelen, kapitaal apparatuur en algemene fabricage. KPS creëert waarde voor zijn investeerders door constructief samen te werken met getalenteerde managementteams om bedrijven beter te maken, en genereert investeringsrendementen door de strategische positie, het concurrentievermogen en de winstgevendheid van zijn portefeuillebedrijven structureel te verbeteren, in plaats van primair te vertrouwen op financiële hefboomwerking. De portefeuillebedrijven van de KPS Funds hebben een totale jaaromzet van ongeveer USD 10,6 miljard, exploiteren 159 productiefaciliteiten in 22 landen en hebben ongeveer 34.000 werknemers, rechtstreeks en via joint ventures wereldwijd. De investeringsstrategie van KPS en de portefeuillebedrijven staan in detail beschreven op www.kpsfund.com.

CONTACT: CONTACTINFORMATIE: Zakelijke vragen: KPS - 212.338.5100; Mediarelaties: David Wells of Catherine Johnson - 646.818.9287

Web site: kpsfund.com/

PR Newswire

Dit persbericht is via ANP Pers Support naar internationale (vak en online) media gestuurd. Heb je nieuws voor buitenlandse journalisten? Bekijk dan onze mogelijkheden of neem contact met ons op.

Andere persberichten van deze organisatie

The Yang Guoqiang family comes in fourth on 2021 Forbes China Philanthropy List

This marks the 13th time that the family has been included in the list

FOSHAN, China, July 24, 2021 /PRNewswire/ -- Country Garden founder and chairman Yang Guoqiang and his family were China's fourth most generous providers of charitable cash donations in 2021 according to the 2021 China Philanthropy List released by Forbes China on July 20, with the founder and family having donated 2.38 billion yuan (approx. US$357 million). This is the 13th time that the Yang family has been included in the list, reflecting his continuous contributions to worthwhile causes.

Over the past 20+ years, the Yang Guoqiang family, Country Garden Group and Guangdong Guoqiang Public Welfare Foundation have donated in the aggregate of over 9 billion yuan (approx. US$1.3 billion) for poverty alleviation, vocational education, teaching and scientific research, helping lift more than 490,000 underprivileged people out of poverty.

Based on the notion that knowledge can change our fate, the three entities have been involved in poverty alleviation through their support of educational programs over the past 24 years.

In 1997, Mr. Yang donated 1 million yuan (approx. US$150,000), half of his total wealth at the time, to set up the Zhongming Grant Program, an effort designed to fund economically disadvantaged yet outstanding university students. In 2002, he once again gave half of his net worth (260 million yuan (approx. US$39 million)) to establish Guohua Memorial Middle School, the only private high school in China that provides free education and accommodations to needy students who came from all over the country to join the curriculum.

Notably, with the launch of the grant program, the charity schools and the events in support of education, he has helped change the fate of over 100,000 underprivileged students through education. In addition, the Yang Guoqiang family has invested more than 1.1 billion yuan (approx. US$165 million) to establish Guangdong Country Garden Polytechnic and Gansu Linxia Guoqiang Vocational Technical School, both of which provide skills training to students of limited means, in an effort to not only facilitate the expansion of vocational education facilities but also deepen the involvement of companies and organizations across a wide swath of industries into the educational process.

"I used to be a poor student. I couldn't have finished high school without grants from the government," said Mr. Yang. "The government's reform and opening-up policies have given me an opportunity to give back to society, and I have taken this mission on as a personal responsibility."

As the Yang family's fortunes have continued to grow, the family, Country Garden Group and Guangdong Guoqiang Public Welfare Foundation have deepened their efforts in doing away with poverty with the launch of projects to help those less fortunate in 57 counties across 16 provinces. In addition, they are exploring a replicable, effective and sustainable model for reducing poverty by providing targeted assistance in matters of education and employment, as well as facilitating the engagement of the corporate world in these efforts and working in concert with the Party to do so. Building on its success in poverty alleviation, Country Garden Group has shifted its focus to rural revitalization, with the aim of creating an effective model that involves businesses as well as organizations and that promotes the cultivation of talented individuals. The model also facilitates a better understanding of the importance of culture and ecology while opening up a path by which private enterprises can do its bit to help revitalize rural areas.

In February 2021, Mr. Yang was awarded the title of "National Advanced Individual in Poverty Alleviation" for his outstanding contribution to poverty reduction. This follows his garnering of the China Poverty Eradication Award for Innovation in 2015 and the National Poverty Alleviation Award for Outstanding Contribution in 2016. In October 2019, his daughter, Yang Huiyan, who is also Country Garden Group's co-chairperson, was honored with the 2019 National Poverty Alleviation Award for Outstanding Contribution following the receipt of the China Charity Award for Special Contribution in 2008 and the China Charity Award for Individuals in 2018.

Photo - Photo -

CONTACT: Media Contact:Xiaohong Shi, +86-13760809178

9 uur geleden

Tokyo 2020 Olympic Games - Jumping Preview

Jumping looks set to be a testing thriller

LAUSANNE, Switzerland, July 23, 2021 /PRNewswire/ -- Tokyo 2020 is one of the most talked-about Olympic Games of all time, and as it arrives a year late and filled with challenges, for the stars of international Jumping the questions are clear: How will the three-rider no-drop-score format play out in the battle for the Team medals? And is there anyone to get in the way of the pair who claimed individual silver at the FEI World Equestrian Games in 2018 and the individual European title a year later - Martin Fuchs and his super-horse Clooney - when it comes to individual gold?

https://mma.prnewswire.com/media/1580472/FEI_Nick_Skelton.jpg ]

With so few team competition opportunities in the lead-up to these Games, it's difficult to make any predictions, but if the Division 1 Nations Cups that took place last month are anything to go by, then the on-form countries are Sweden, Switzerland, Germany and the Netherlands.

A total of 75 athletes will be chasing down their individual dreams when the action begins at Baji Koen on 3 August, and athletes from 19 countries will be giving it everything they've got when the team contest gets underway on 6 August. It will be a fascinating four days of Olympic equestrian sport.

Team France are the defending champions having clinched gold for only the second time in Olympic history in Rio 2016, and Penelope Leprevost is the only member of that victorious team to line out again at Tokyo 2020 where she will be joined by Mathieu Billot and Nicolas Delmotte. Silver went to the USA five years ago, while Germany won out in a thrilling jump-off against Canada for the bronze.

Comeback king Nick Skelton won Britain's first Olympic Individual title in Rio with Big Star, a phenomenal and emotional achievement for the 58-year-old who had broken his neck in a fall 16 years earlier. Silver went to Sweden's Peder Fredricson and the brilliant All In and this pair, who won individual European gold in 2017, will be joined by Malin Baryard-Johnson (Indiana) and Henrik von Eckermann (King Edward) in Tokyo.

The British have two of the team that secured Olympic gold for their country for the first time in 60 years in London 2012, and both Scott Brash (Hello Jefferson) and Ben Maher (Explosion W) also look set to challenge strongly for the individual medals.

READ MORE

Images

Images available on FEI Flickr for editorial use only.

FEI Social Media

Facebook, Instagram, Twitter, FEI-YouTube

#EquestrianShowjumping #Showjumping #Equestrian #Tokyo2020 #Olympics

Video content All video footage is available at https://fei.broadcast-content.tv/ with the following login details: media@fei.org Password: FEI2018

Media Toolkit View the FEI Equestrian Media Toolkit here

Follow all media updates and competition results throughout the Games.

Click here for more information on Equestrian at the Olympic Games.

About FEI

Media contact:

Shannon Gibbons FEI Media Relations & Media Operations Manager Shannon.gibbons@fei.org +41 78 750 61 46

Photo - Logo -

https://mma.prnewswire.com/media/1578235/Logo.jpg ]

16 uur geleden

SI Group Signs Agreement To Sell Industrial Resins Business To ASK Chemicals

Agreement Includes Products, Technology, and Manufacturing Assets in Brazil, India & South Africa

SCHENECTADY, N.Y., July 23, 2021 /PRNewswire/ -- SI Group, a leading performance additives company, announced today plans to complete an agreement to sell the majority of its global Industrial Resins business to ASK Chemicals, a portfolio company of private equity firm, Rhône Group, LLC.

The transaction includes SI Group's Industrial Resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg, South Africa, as well as licensed technology and multiple tolling agreements globally. ASK Chemicals, headquartered in Hilden, Germany, is a market leader in the foundry materials sector and manufactures binders, coatings, feeders, filters, and release agents, as well as metallurgical products including inoculants, inoculation wires and master alloys for iron casting.

"We remain confident this is the right strategic move for our employees and our business. ASK Chemicals has proven industry expertise that will add significant value and continuously enhance these businesses," said David Bradley, President & CEO of SI Group. "The deal also allows us to focus more intentionally on building and growing our portfolio as a performance additives powerhouse."

SI Group will carve out related businesses at these sites, including the manufacture of Rubber & Adhesives, Oilfield, and Surfactants, as well as Foundry products in Brazil, and will operate tolling agreements with ASK. The company will also retain the Industrial Resins businesses in the U.S. and China.

About SI Group

SI Group is a global leader in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates. SI Group solutions are essential to enhancing the quality and performance of countless industrial and consumer goods within the plastics, rubber & adhesives, fuels & lubricants, oilfield, pharmaceutical, and industrial resins industries. Headquartered in Schenectady, New York, SI Group's global manufacturing footprint includes 24 facilities on five continents, serving customers in 90 countries with 2,800 employees worldwide. SI Group innovates and drives change to create value with a passion for safety, chemistry, and extraordinary results. Learn more at www.siigroup.com.

Media Contact: Joseph Grande ph: + 1.413.684.2463 joe@jgrandecommunications.com

Logo -

16 uur geleden

Violette becomes Guerlain Creative Director of Makeup

PARIS, July 23, 2021 /PRNewswire/ -- With her creativity, daring, Parisian chic, eye for high standards and genuine sense of commitment, Violette seemed destined to join a House synonymous with French beauty and constant innovation, still emphasizing modernity despite being over 190 years old.

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8929251-violette-becomes-guerlain-creative-director-of-makeup/

"My story with Guerlain is really the story of my femininity... As a little girl, Météorites with its little pastel-coloured pearls for the complexion had a real aesthetic impact on me. I'd stare at the box fascinated, I couldn't wait to become a woman... I pictured myself at my dressing table putting on lipstick, perfume and dipping a brush into these incredible Météorites. Today, I've been invited to write the next chapter in Guerlain's history as Director of Makeup. That's the magic of beauty."

Of Guerlain, Violette says: "Guerlain is a woman! A modern Empress... and a Parisienne, right down to her fingertips. I'm so happy to be joining an iconic House with such a rich heritage, where I can pass Guerlain's values in makeup on to a new generation and share it with those who, no matter their gender, celebrate beauty today and will celebrate it tomorrow.

As a pioneer, the Guerlain House must show commitment by becoming environmentally involved and engaging with femininity in broad and diverse way."

When it comes to Violette's philosophy "the sky's the limit", or in other words "nothing's impossible". As a young woman she's made a place for herself within the makeup world. And as a French woman she gained recognition in the United States within just a few months of moving there on a whim in 2015 (her astrological sign is Aries, which explains her tenacity and taste for risk). She has collaborated with major houses since the beginning of her career (namely with Dior as a Makeup Designer and more recently with Estée Lauder, where she held the post of Global Beauty Director at just 33 years old.) Violette has succeeded in making a name for herself - a first name at that - thereby inscribing her work into the annals of contemporary beauty. Her world is a unique and fertile one, where her spontaneous creativity, Parisian sensibilities, masterful techniques and love of art are blended together.

"Just like Guerlain, I think of art as an inexhaustible source of inspiration. I'm used to saying that art is the love of my life."

Her portfolio is filled with thousands of images from collaborations with renowned magazines including Vogue, Harper's Bazaar, W Magazine, T Magazine, Dazed, Teen Vogue and Elle. And while fashion photography may be her playground of choice, she knows better than anyone else that makeup is nothing if not the art of bringing out the beauty in each and every one of us. With many followers across social media (namely 400k followers on Instagram) she created her own Violette_fr YouTube channel 6 years ago to share makeup tutorials and beauty snapshots.

For a woman who applies makeup with such effortlessness and ease, sharing her experiences with a passionate community of fans was instinctive. Which is why she launched her own line of makeup in April 2021, named quite naturally VIOLETTE_FR.

Today, Guerlain and Violette will start writing a new chapter in the history of beauty. As a duo.

Logo: Photo:

Contacts:

UK: Joanna Sophia Rash PR Manager jrash@guerlain.fr

USA : Alexa Cohen Senior Manager, Communications & Makeup Alexa.Cohen@lvmhuspc.com

CONTACT: UK Office: 0207 563 7560, Mobile: 07767 248102, US Tel. : +1 (212) 931 1318 Cell: +1 (508) 733 3719

18 uur geleden

THC BioMed Announces Shipment to Yukon

THC.CSE THCBF - OTC TFHD.F

VANCOUVER, BC, July 23, 2021 /PRNewswire/ -- THC BioMed Intl Ltd. ("THC BioMed" or the "Company" is pleased to announced that it has completed its first shipment to Yukon Cannabis. The shipment contains dried cannabis and cannabis cookies.

About THC

THC BioMed is one of Canada's oldest active licensed cannabis companies. THC BioMed is a Cannabis Act Licensed Producer of medical and recreational cannabis.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Contact : President and CEO: John Miller, THC Biomed Intl Ltd., T: 1-844-THCMEDS, E: info@thcbiomed.com

Web site: http://thcbiomed.com//

20 uur geleden

GWM POER Lure International Championship Closes, Creating All-scenario Life

BAODING, China, July 23, 2021 /PRNewswire/ -- On July 16, the first match of the 2021 GWM POER Lure International Championship closed successfully. The Championship attracted many highly-skilled Lure contestants and audiences from various circles of interest. Covered by more than 350 media and live-streamed across the Internet, the Championship became a hit.

Lure fishing started in North America and has become a global popular competitive sport after 40 years' development. It is loved by fishing enthusiasts. Lure enthusiasts have to carry professional equipment and Lure boats and trek over mountains and water. Therefore, pickups that can go off-road, tow and load should be a must-have for them. GWM POER's independent and open trunk is perfect for placing items and can easily tow a Lure boat anywhere. Able to be placed steadily in 700mm of water, GWM POER is a considerate product in the eyes of Lure enthusiasts. GWM POER has sponsored the Lure International Championship for two consecutive years. Its vehicle support for Lure contestants has been highly recognized.

As the NEXT-Gen Smart Safety Pickup, GWM POER adopts a user-centric approach and explores different circles to make its product an intimate all-scenario companion. Besides Lure, GWM POER has also probed into eight outdoor circles around the world, including cross-country activities, expeditions and camping, showing its all-scenario hardcore performance, and bringing infinite possibilities of diversified lifestyles to global users.

Equipped with three differential locks, crawling mode, tank U-turn, 7 all-terrain driving modes and other comprehensive off-road devices, GWM POER beat bad road conditions with ease during the Mount Everest Elevation Survey. The journey was tested by rain, snow, fog and other complicated weather. GWM POER crossed the snow-and-ice roads on the Kya Wu Lha Pass at 5,200 meters above sea level with 108 turns in Mount Everest National Park, paying tribute to the climber's spirit. GWM POER invited well-known commentators Ahmed Al Shehri and Hani Daghustani to drive across oases, deserts and castles in Saudi Arabia to highlight its powerful trafficability, extrication and loading power under the exotic charm. GWM POER, combining muscular vehicle body, smart technology, hardcore performance and high safety, restored the multiple dimensions of life with tents and motorcycles in South Africa and linked user emotions through the integration of scenario-based activities and life. In the future, GWM POER will also be fully integrated into the South African pickup culture through a series of sponsored joint activities across the sea fishing, cycling and camping circles.

Since its launch, GWM POER has accumulated tens of thousands of users and is highly recognized by the market. It has won the Chilean "Best Pickup of the Year", "The Car of the Year" issued by media authorities in Australia and New Zealand and other authoritative awards in succession. In the future, GWM POER will continue to optimize its products, innovate its usage scenarios, and create a cooler product experience for global users.

Photo -

CONTACT: Pupu Li, +86-13466544432, lipupu@dsconsulting.com

22 uur geleden