Blackstone: "Reports of Acquiring Management Rights in TaylorMade Are Completely Untrue"

by Lee Seungjin

Published 25 Aug.2025 11:24(KST)

Global private equity fund (PEF) Blackstone stated on August 25 that reports of it considering an acquisition of management rights in TaylorMade are "completely untrue."

Blackstone released a clarification on this day, explaining, "Reports that Blackstone is reviewing an acquisition of management rights in TaylorMade are entirely unfounded."

Blackstone logo.

Previously, some media outlets reported that Blackstone had participated in the preliminary bidding for TaylorMade. Centroid Investment Partners, a domestic PEF currently seeking to sell TaylorMade, held the preliminary bid on August 20. JP Morgan and Jefferies are in charge of managing the sale process.

It has been reported that strategic investors (SI) and financial investors (FI) from various countries have shown interest in the preliminary bidding, while domestic FIs are said not to have participated.

Currently, F&F holds the right of first refusal for TaylorMade. F&F secured this right by investing 553.7 billion KRW when Centroid acquired TaylorMade for 2.1 trillion KRW in 2021.

If another potential buyer proposes to acquire TaylorMade, F&F has the right to acquire management rights under the same conditions within 14 days.

The sellers are reportedly seeking a valuation of over 4 trillion KRW for TaylorMade, a price based on the share price of Titleist (Acushnet Holdings), which is listed on the New York Stock Exchange.