S. Korean acquisition of Titleist parent provides template for M&A deals
A South Korean consortium’s $1.23 billion acquisition of Acushnet, the maker of Titleist golf balls and FootJoy golf shoes, could provide a model for future Korean bids for overseas assets. Under the deal, Fila Korea received financial backing from Mirae Asset Private Equity, the National Pension Service and state-owned Korea Development Bank. The National Pension Service is among the state-controlled financial institutions that are beginning to provide financial support for overseas acquisitions.
