Korean PE buys global golf brand Acushnet
KOREAN SPORTSWEAR MAKER FILA HAS teamed with Seoul-based Mirae Asset Private Equity and two of the market’s top investment institutions to acquire golf equipment and apparel business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2 billion, marking the top buyout transaction by Korean investors this year.
The investment group was led by Fila Korea and Mirae Asset Private Equity, a division of the Mirae Asset Financial Group with approximately $100 billion of AUM. The National Pension Service of Korea -...
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