KPS Capital Partners Starting Process To Sell TaylorMade

KPS Capital Partners "has hired Morgan Stanley to run a sale of TaylorMade," according to Sorkin, Karaian, de la Merced, Hirsch & Livni of the N.Y. TIMES. A deal "could value the company" at more than $2B. KPS bought TaylorMade for $425M from Adidas in '17, as golf was "falling out of favor and the German sportswear group sought to refocus on shoes and clothes." By the time KPS bought TaylorMade, the brand had "struck a deal with Tiger Woods, who needed a club sponsor after Nike quit the business" (N.Y. TIMES, 2/2).