Korean private-equity firm, Mirae Asset Private Equity, has partnered with Fila Korea and other investors to acquire Fortune Brands’ golf business, The Wall Street Journal reports. The consortium will pay $1.23 billion for Acushnet. Other investors in the deal include the National Pension Service of Korea and the Korea Development Bank. Blackstone Group and Callaway Golf were also among the other parties that were expected to bid for the golf operations.
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