Leonard Green & Partners Acquires 60% of Topgolf From Topgolf Callaway Brands
January 1, 2026
Topgolf Callaway Brands completed the sale of a 60% stake in its Topgolf and Toptracer businesses (Topgolf) to private equity funds managed by Leonard Green & Partners. The transaction became effective January 1, 2026 and values Topgolf at approximately $1.1 billion; Topgolf Callaway received about $800 million in cash proceeds and retained a 40% stake.
- Targets
- Topgolf and Toptracer businesses (Topgolf)
- Sellers
- Topgolf Callaway Brands Corp.
- Industry
- Media & Entertainment
- Location
- California, United States
- Transaction Type
- Buyout
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