M&A Deal Summary

Mirae Asset Private Equity and FILA Holdings Acquire Acushnet Holdings

On May 20, 2011, private equity firm Mirae Asset Private Equity and FILA Holdings acquired consumer products company Acushnet Holdings for 1.2B USD

Acquisition Highlights
  • This is Mirae Asset Private Equity’s 1st and FILA Holdings’ 1st transaction in the Consumer Products sector.
  • This is Mirae Asset Private Equity’s and FILA Holdings’ largest (disclosed) transaction.
  • This is Mirae Asset Private Equity’s 1st and FILA Holdings’ 2nd transaction in the United States.
  • This is Mirae Asset Private Equity’s 1st and FILA Holdings’ 1st transaction in Massachusetts.
Investment Fate
  • Acushnet Holdings went public in 2016.

M&A Deal Summary

Date 2011-05-20
Target Acushnet Holdings
Sector Consumer Products
Buyer(s) Mirae Asset Private Equity
FILA Holdings
Deal Type Divestiture
Deal Value 1.2B USD

Target

Acushnet Holdings

Fairhaven, Massachusetts, United States
Acushnet Holdings designs develops, manufactures, and distributes performance-driven golf products, which are widely recognized for their quality. The Company's brands include Titleist, one of golf's leading performance equipment brands, and FootJoy, one of golf's leading performance wear brands. Titleist has been the #1 ball in professional golf for 68 years and FootJoy has been the #1 shoe on the PGA Tour for over six decades. Acushnet Holdings was founded in 1910 and is based in Fairhaven, Massachusetts.

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Buyer(S) 2

DESCRIPTION

Mirae Asset Private Equity is the private equity arm of asset manager Mirae Asset Global Investments. Mirae Asset Private Equity will consider opportunities across South Korea including buyouts, growth capital financings, and special situations. Mirae Asset Private Equity is based in Seoul.


DEAL STATS #
Overall 1 of 4
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 2
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 CarDekho

Jaipur, India

CarDekho is an Auto portal and helps its users with car research, finance, insurance, used cars, and any other aspect of car buying and selling with the best possible deals through its exclusive tie-ups with car manufacturers, finance and insurance companies. CarDekho is founded in 2008 and is based in Jaipur, India.

Buy -
Buyer

FILA Holdings

Seoul, South Korea

Category Company
Founded 1991
Sector Apparel/Textiles
Revenue 4.01T KRW (2023)
DESCRIPTION

FILA Holdings is a manufacturer of sport and leisure footwear and apparel distributed worldwide. Fila offers shoes, tops, bottoms, warm ups, undergarments, casuals, and accessories for men, women, and children. FILA Holdings was incorporated in 1991 and is based in Seoul, South Korea.


DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Integrix Sports Group

Watford, United Kingdom

Integrix Sports Group Limited (the licensee to the Fila brand in EMEA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Acushnet Holdings

Fairhaven, Massachusetts, United States

Acushnet Holdings designs develops, manufactures, and distributes performance-driven golf products, which are widely recognized for their quality. The Company's brands include Titleist, one of golf's leading performance equipment brands, and FootJoy, one of golf's leading performance wear brands. Titleist has been the #1 ball in professional golf for 68 years and FootJoy has been the #1 shoe on the PGA Tour for over six decades. Acushnet Holdings was founded in 1910 and is based in Fairhaven, Massachusetts.

Sell -