The Nature Holdings "Selected Strategic Investor for TaylorMade Golf Acquisition"
[Asia Economy Reporter Oh Hyung-gil] The Nature Holdings announced on the 14th that it has been selected as a strategic investor in the acquisition of TaylorMade Golf Group.
The company stated, "We have been selected as a strategic investor by participating as a subordinated equity investor in the investment recruitment for the acquisition of TaylorMade Golf Group, led by the private equity firm Centroid Investment Partners. We have also pledged to pay Centroid Investment Partners a penalty equivalent to 10% of the unfulfilled committed investment amount if we fail to meet the conditions stated in the request for proposal and the letter of commitment."
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Centroid Investment Partners is planning the TaylorMade acquisition structure with senior acquisition financing of 800 billion KRW, mezzanine investment of 400 billion KRW, and subordinated equity investment of 600 billion KRW. The Nature Holdings' committed investment amount is 100 billion KRW.
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