Overview
- Topgolf Callaway Brands expects approximately $770 million in net proceeds from the transaction.
- The company will retain a 40% ownership stake and plans to rebrand as Callaway Golf Company with ticker CALY upon closing.
- The sale includes the Topgolf venue business and the Toptracer ball-tracking technology.
- The agreement is not subject to financing conditions because Leonard Green has obtained committed debt and equity funding.
- Completion is slated for the first quarter of 2026 pending customary regulatory reviews, including Hart-Scott-Rodino clearance.