McDermott Reps Fila Korea In $1.2B Golf Brands Deal

Law360, New York (May 20, 2011, 11:54 AM EDT) -- Fila Korea Ltd., owner of the Fila shoe and clothing brand, said Friday it would team with Mirae Asset Private Equity to buy golf business Acushnet Co. — and its Titleist, Footjoy and Pinnacle brands — from Fortune Brands Inc. for $1.23 billion.

Fila and its Fila Golf unit, which has deep marketing roots with the Ladies Professional Golf Association, is teaming with Korea's largest private equity firm in a cash deal for Acushnet, which had net sales of $1.2 billion in 2010 and controls Titleist,...
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