PGA TOUR, DP World Tour, and PIF Announce Merger to Unify PGA and LIV Golf Commercial Businesses

Callaway Golf Company Completes Merger with Topgolf International

March 8, 2021

Media & Entertainment

Callaway Golf Company and Topgolf International have completed their previously announced merger to form a combined, tech-enabled golf and entertainment leader. Under the terms of the deal Callaway issued approximately 90 million shares to Topgolf shareholders; immediately post-close Callaway shareholders owned ~51.3% and former Topgolf shareholders owned ~48.7% of the combined company, which is headquartered in Carlsbad, California with Topgolf operations based in Dallas, Texas.

Unified Door and Hardware Group (Dunes Point Capital Portfolio) Merges with LIF Industries

December 21, 2020

Building Products

Unified Door and Hardware Group, a portfolio company of Dunes Point Capital, has merged with LIF Industries. The transaction combines Unified's 16-location, value-add distribution platform with LIF's Port Washington-based manufacturing and distribution capabilities (approximately 400 employees) to expand product and geographic reach in doors, frames and hardware.

Worldwide Golf and Capitol Hill Group Acquire Big 5 Sporting Goods

October 2, 2025

Retail

A partnership comprised of Worldwide Golf and Capitol Hill Group completed a merger to take Big 5 Sporting Goods private, with Big 5 surviving as a wholly owned subsidiary of the partnership. Under the deal, Big 5 stockholders will receive $1.45 per share in cash; the buyers said the combination pairs Capitol Hill Group's capital with Worldwide Golf's specialty retail expertise to re-energize growth.

Bregal Unternehmerkapital Acquires Perfect Drive Sports Group

March 30, 2021

E-Commerce

Funds advised by Bregal Unternehmerkapital acquired a majority stake in Perfect Drive Sports Group (PDSG) — Europe’s leading e-commerce provider of golf apparel and equipment — from Afinum. PDSG combines All4Golf (Hanover, Germany) and Clubhouse Golf (Manchester, UK), employs approximately 140 people across the group, and BU plans to partner with management to drive organic and inorganic growth and further internationalisation.

Endeavor and WWE to Form New Public Company Combining UFC and WWE

April 3, 2023

Media & Entertainment

Endeavor Group Holdings and World Wrestling Entertainment (WWE) signed a definitive agreement to combine UFC and WWE into a new, publicly listed company. Endeavor will own 51% of the new company, while existing WWE shareholders will own 49%, with the transaction expected to close in the second half of 2023.

The Walt Disney Company to Combine Hulu + Live TV Business With Fubo

January 6, 2025

Media & Entertainment

Fubo and The Walt Disney Company announced a definitive agreement for Disney to combine its Hulu + Live TV business with Fubo, creating a combined virtual MVPD company. Under the terms, Disney will own 70% of Fubo at closing, while Fubo’s existing management team will operate the combined Hulu + Live TV and Fubo businesses.