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Korea PF Offers $234M To Buy Golf Unit

Korea’s state pension fund National Pension Service has committed $234.3 million to a consortium.

    Korea’s state pension fundNational Pension Servicehas committed $234.3 million to a consortium,The Korea Heraldreports. The consortium will use the proceeds to acquireFortune Brands’ golfing equipment unitAcushnetfor $1.23 billion.

    The consortium consists ofFila Korea,Mirae Asset Private Equity,Government Employees Pension Service(GEPS) andKorea Development Bank. Fila Korea will contribute about $100 million, GEPS will offer about $19 million andBlackstone Groupwill commit $100 million for the acquisition.

    Click here for the story fromThe Korea Herald.

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