Leonard Green’s $1.1B Takeover of Topgolf: Strategic Reset for Callaway
On November 18, 2025, Topgolf Callaway Brands Corp. (NYSE: MODG) reached a landmark agreement to sell a 60% majority stake in its Topgolf & Toptracer business to Leonard Green & Partners (LGP) for a valuation of approximately $1.1 billion. This deal represents a fundamental strategic shift for Callaway — refocusing its public business on core […]
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