Restaurants & Hospitality Divestitures in 2026
Showing 1 transactions.
-
- Buyer
- Leonard Green & Partners
- Target
- Topgolf, Toptracer
- Seller
- Topgolf Callaway Brands Corp.
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Divestiture
Private equity funds managed by Leonard Green & Partners acquired a 60% stake in Topgolf and Toptracer from Topgolf Callaway Brands, valuing the Topgolf unit at approximately $1.1 billion. Topgolf Callaway Brands received about $800 million in net cash proceeds, retained a 40% stake, and used proceeds to repay $1 billion of term loan debt while announcing a corporate name change back to Callaway Golf Company.
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