[THE INVESTOR] Mirae Asset Private Equity is expected to earn more than 500 billion won (US$448 million) after the planned initial public offering of Acushnet, the world‘s largest golf equipment and apparel company whose key brands include market No. 1 Titleist, in New York later this month.

The private equity affiliate of Mirae Asset Global Investment acquired Acushnet for US$1.23 billion back in 2011 together with local retail giant Fila Korea. The firm alone invested US$525 million, the largest amount among the investors.

Currently, Fila Korea is the largest shareholder with a 33.1 percent stake.

Industry watchers say the market value of Acushnet could reach up to US$2 billion when it makes its hot stock debut on Oct. 28 as planned.

By Hwang You-mee (glamazon@heraldcorp.com)