ASIAN GOLF INDUSTRY FEDERATION

F&F Engages Strategic Financial Advisor

TaylorMade low

Seoul, Korea: F&F Co Ltd has engaged global investment bank Goldman Sachs as its exclusive financial advisor to steer a potential acquisition of pre-eminent golf brand TaylorMade.

This strategic move addresses a sales process launched by a Korean private equity firm Centroid Investment Partners (‘Centroid’).

F&F a global fashion and lifestyle company led by Chief Executive Officer Kim Chang-soo, reiterated its steadfast commitment to realising the strategic objectives of its 2021 investment in TaylorMade.

The company stated: “We are methodically preparing to exercise our Right of First Refusal (ROFR), should circumstances warrant, to ensure alignment with our original investment thesis.

“Our engagement with Goldman Sachs equips us to execute a disciplined and impactful strategy to successfully acquire TaylorMade.”

F&F clarified that it has not consented to Centroid’s current efforts to sell TaylorMade, viewing the process as a significant breach of its contractual consent rights.

“Independent of our acquisition plans, we are fully prepared to deploy all available legal and contractual measures to hold Centroid accountable for its violations,” the company asserted.

F&F is actively assessing a comprehensive array of strategic pathways while strengthening its stance to safeguard its investment interests in TaylorMade through robust enforcement of its contractual rights, including potential legal action.

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