M&A Deal Summary

TaylorMade Acquires Ashworth

On October 13, 2008, TaylorMade acquired apparel/textiles company Ashworth for 73M USD

Acquisition Highlights
  • This is TaylorMade’s 1st transaction in the Apparel/Textiles sector.
  • This is TaylorMade’s largest (disclosed) transaction.

M&A Deal Summary
Date 2008-10-13
Target Ashworth
Sector Apparel/Textiles
Buyer(s) TaylorMade
Deal Type Add-on Acquisition
Deal Value 73M USD
Advisor(s) Kurt Salmon Capital Advisors, Inc. (Financial)

Target

Ashworth

Carlsbad,
website
Ashworth, Inc. is a designer of men's and women's golf-inspired lifestyle sportswear distributed domestically and internationally in golf pro shops, resorts, upscale department and specialty stores and to corporate customers under the Ashworth® brand. Ashworth is also an Official Apparel Licensee of Callaway Golf Company. Ashworth is also a leading designer, producer and distributor of headwear and apparel under The Game® and Kudzu® brands.

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Buyer(S) 1

Buyer

TaylorMade

Carlsbad, California, United States

website

Category Company
Founded 1979
Sector Consumer Products
Revenue 1.0B EUR (2011)
DESCRIPTION

TaylorMade is a manufacturer of high-performance golf equipment, golf balls, and accessories with industry-leading innovative products like SIM2 metalwoods, SIM2 irons, P Series irons, TP5/TP5X golf balls, and Spider putters. A major force across the world's professional tours, TaylorMade has an unrivaled athlete portfolio that includes Tiger Woods, Dustin Johnson, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi, and Sierra Brooks. TaylorMade was formed in 1979 and is based in Carlsbad, California.

DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country () 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-20 Maxfli

United States

Maxfli is a producer of Maxfli and Noodle branded golf balls.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-19 Adams Golf

Plano, Texas, United States

Adams Golf designs, assembles, markets and distributes premium quality, technologically innovative golf clubs for all skill levels. Recently launched products include the Speedline Fast 12 drivers, Fast 12 LS drivers and the Speedline Fast 12 fairway woods, along with the Idea a12 OS irons and hybrids, Idea a12 hybrids, Idea Pro a12 irons and hybrids, Idea Tech V3 irons and hybrids, Redline irons, Idea a7 and a7 OS irons and hybrids, and Speedline 9088 UL drivers. Adams Golf also develops new products under the Yes! Putters, Women's Golf Unlimited, Lady Fairway and Square 2 brands.

Buy $70M
Mergr

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