F&F Doubles Down on TaylorMade Acquisition Goal
'As the largest investor, F&F made a strategic investment from the outset with the intent to acquire TaylorMade. That strategic direction remains unchanged.'
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In 2021, F&F made a substantial investment in TaylorMade with the ultimate goal of acquiring the company, securing key contractual rights, including consent rights and a right of first refusal, to support this objective. These provisions were deliberately structured to advance F&F's acquisition goal.
However, despite these rights, a Korean private equity firm Centroid has unilaterally initiated the sale of TaylorMade without obtaining F&F's prior consent, prompting serious concerns.
'F&F will take all available legal and contractual measures to hold the responsible parties accountable,' the company stated. 'We remain steadfast in our original investment objective and will deploy all necessary resources to pursue this goal.'
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