McDermott Advises Fila and Mirae Asset Private Equity on USD $1.2 Billion Acquisition of Titleist and FootJoy Brands

International law firm McDermott Will & Emery LLP represented Fila Korea Ltd., the owner of the Fila® brand globally, and Mirae Asset Private Equity, the largest private equity firm in Korea, in connection with their agreement to purchase the Acushnet golf business from Fortune Brands, Inc. FO. The agreed purchase price is USD $1.225 billion in cash. The closing is scheduled to occur after satisfaction of certain identified conditions. Established in Italy in 1911, Fila is a leading sport and leisure footwear and apparel brand that is distributed worldwide. The group led by Fila Korea and Mirae includes Korea Development Bank, Korea's largest government-owned bank and is also expected to include the National Pension Service of Korea, the nation's largest state-owned pension fund.