Korea’s state pension fund National Pension Service has committed $234.3 million to a consortium, The Korea Herald reports. The consortium will use the proceeds to acquire Fortune Brands’ golfing equipment unit Acushnet for $1.23 billion.
The consortium consists of Fila Korea, Mirae Asset Private Equity, Government Employees Pension Service (GEPS) and Korea Development Bank. Fila Korea will contribute about $100 million, GEPS will offer about $19 million and Blackstone Group will commit $100 million for the acquisition.
Click here for the story from The Korea Herald.
