M&A Deal Summary

Acushnet Holdings Corp Acquires LK International AG

On July 10, 2019, Acushnet Holdings Corp acquired apparel/textiles company LK International AG from Winona Capital Management

Acquisition Highlights
  • This is Acushnet Holdings Corp’s 1st transaction in the Apparel/Textiles sector.
  • This is Acushnet Holdings Corp’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2019-07-10
Target LK International AG
Sector Apparel/Textiles
Buyer(s) Acushnet Holdings Corp
Sellers(s) Winona Capital Management
Deal Type Add-on Acquisition

Target

LK International AG

Hünenberg, Switzerland
LK International AG (KJUS) stands for sportswear made of innovative, high-performance material with a distinctive, clean design. The award-winning collections Ski, Golf and Lifestyle are developed by passionate sports experts and tested by professional athletes. The products are designed to enable sportspeople to focus on the experience. Driven by an enthusiasm for sports and an uncompromising vision, KJUS continues to push farther, innovating with every seam, fabric, and detail.

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Buyer(S) 1

Buyer

Acushnet Holdings Corp

Fairhaven, Massachusetts, United States

Category Company
Founded 1910
Sector Consumer Products
Employees7,300
Revenue 2.5B USD (2024)
DESCRIPTION

Acushnet Holdings Corp designs, develops, manufactures, and distributes performance-driven golf products. The Company's brands include Titleist, performance equipment brands, and FootJoy, performance wear brands. Acushnet Holdings Corp was founded in 1910 and is based in Fairhaven, Massachusetts.


DEAL STATS #
Overall 2 of 3
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Switzerland M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 Links & Kings

Alpine, Utah, United States

Links & Kings LLC is a designer and handcrafted production of luxury leather golf and lifestyle products. Links & Kings was founded in 2010 and is based in Alpine, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Club Glove

Huntington Beach, United States

Club Glove is specializing in premium performance golf travel products featuring premium ballistic nylon golf club travel covers, backpacks, carry-on, and luggage that offers durability, functionality, and sophisticated detail. Club Glove is based in Huntington Beach, California.

Buy -

Seller(S) 1

SELLER

Winona Capital Management

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Winona Capital Management is a private investment firm that makes direct investments in consumer related middle-market companies. Winona targets growth companies generating sales of $10 to $100 million and EBITDA of at least $1 million. The Firm can commit up to $15 million per transaction. Specific areas of interest include niche consumer goods and services; sports, recreation and leisure; specialty manufacturing and distribution; growth-oriented, multi-unit specialty food and retail; and education services. Winona's investment horizon is five years. Winona Capital Management is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 9
Sector: Apparel/Textiles M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Switzerland M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Fusion Education Group

Grand Rapids, Michigan, United States

Fusion Education Group operates private middle and high schools that offer individualized instruction. Classes at Fusion are delivered by one teacher to one student through a mastery-based learning model, which enables each session to be attuned to that student's specific learning cadence and style. The Fusion approach to learning is effective for all students, however, it is used most frequently by students who did not achieve full potential at his or her prior school due to, among other factors, challenges with group instruction stemming from anxiety, depression, ADHD or different learning styles. Fusion Education Group is based in Grand Rapids, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 Johnny Rockets

Lake Forest, California, United States

The Johnny Rockets Group, Inc. is an international restaurant franchise that offers high quality, innovative menu items including items including Certied Angus Beef® cooked-to-order hamburgers, Boca Burger®, chicken sandwiches, crispy fries and rich, delicious hand-spun shakes and malts. Johnny Rockets was established in 1986 and is based in Lake Forest, California.

Sell $25M