The Denver-based investment group has bid on one of the leading brands in golf
Denver-based Old Tom Capital is among the bidders for one of the leading golf brands in the world, TaylorMade, according to Korean financial media reports.
TaylorMade is owned by a group of Korean companies, led by a private equity group Centroid Investment Partners, which announced a year ago its intention to sell the brand at a reported asking price of around $3.4 billion.
Old Tom Capital is a golf-focused investment group whose two founders are based in Denver and Atlanta. It’s Denver-based partner, Matt Erley, has described the company as wanting to focus on new golf-related businesses which have products or services that are aimed at helping the game grow.
Erley and partner Evan Roosevelt have grown Old Tom Capital through investments and acquisition in at least 16 golf firms. The company has made investments in Good Good Golf brands, TMRW Sports, the parent organization of the indoor televised golf league TGL, and TRUE Linksware, an apparel line…