Lincoln International: KJUS has been sold to Acushnet Holdings Corp.
KJUS (LK International AG), headquartered in Hünenberg, Switzerland, is a world-leading provider of high-end technical ski and golfwear with uncompromising commitment to performance and cutting-edge innovation. Drawing from a strong technical performance and design heritage in skiwear, the KJUS brand entered the golf outerwear and apparel markets less than a decade ago, and has since achieved a loyal following with dedicated golfers and premium positioning at leading golf shops worldwide.
In the sale of KJUS to Acushnet Holdings Corp., Lincoln International acted as the exclusive M&A adviser of the sellers, providing process, financial and tactical advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction.
“We have been impressed by KJUS’ recent growth in golf and are extremely excited to bring KJUS into the Acushnet family,” said David Maher, President and Chief Executive Officer of Acushnet Holdings Corp.
Acushnet Holdings Corp. is a publicly listed company on the New York Stock Exchange. Acushnet is the global leader in the design, development, manufacture and distribution of performance-driven golf products. The company is steward of two of the most revered brands in golf: Titleist and FootJoy.
Terms of the agreement were not disclosed.