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Adidas may have underestimated Tiger's ability to come back — this private equity firm could win big as a result

Lauren Hirsch

In 2016, Adidas put its TaylorMade golf clubs up for sale to focus on its shoes and clothing as the golf industry was under pressure. It finally found a buyer after a year — but that sale dented Adidas' earnings. Tiger Woods used TaylorMade golf club on Sunday during his historic Masters win.