{"id":389212,"date":"2025-11-19T05:23:12","date_gmt":"2025-11-19T05:23:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/389212\/"},"modified":"2025-11-19T05:23:12","modified_gmt":"2025-11-19T05:23:12","slug":"topgolf-sells-majority-stake-to-private-equity-firm-at-1-1-billion-valuation","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/389212\/","title":{"rendered":"Topgolf sells majority stake to private equity firm at $1.1 billion valuation"},"content":{"rendered":"

Topgolf has a new owner.<\/p>\n

The Dallas-based conglomerate Topgolf Callaway Brands announced Tuesday it has entered into a definitive agreement to sell a 60% stake in its Topgolf and Toptracer businesses to Leonard Green and Partners private equity funds. <\/p>\n

The sale values Topgolf at $1.1 billion, with Topgolf Callaway Brands expecting to receive $770 million. The deal is expected to close in the first quarter of 2026, pending regulatory approval. <\/p>\n

Topgolf Callaway Brands announced intentions to split the businesses<\/a> in two last year. Callaway and Topgolf merged in 2021 for about $2 billion. A spinoff of Topgolf into a separate public company seemed the most likely option last year. <\/p>\n

This summer, then-CEO Artie Starrs departed Topgolf<\/a> to lead Harley-Davidson, delaying a potential sale or spinoff. But Topgolf Callaway CEO Chip Brewer said then that the departure would not affect their overall strategic plans. <\/p>\n

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\u201cAs we considered various alternatives to separate Topgolf, including a potential spin-off transaction, we received interest from a number of parties,\u201d Brewer said. \u201cWe believe this sale is the best outcome for our shareholders, as well as our employees and other stakeholders.\u201d <\/p>\n

\u201cThis transaction is highly attractive in that it provides the Company with both significant proceeds and substantial upside in the continued growth of Topgolf,\u201d the statement continued. <\/p>\n

Leonard Green and Partners has investments in dozens of recognizable brands spanning multiple industries, including Life Time Fitness, Velvet Taco, 1-800 Contacts and more.<\/p>\n

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