M&A Deal Summary |
|
|---|---|
| Date | 2025-11-18 |
| Target | Topgolf |
| Sector | Leisure |
| Buyer(s) |
Leonard Green & Partners
Topgolf Callaway Brands |
| Sellers(s) | Topgolf Callaway Brands |
| Deal Type | Divestiture |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 107 of 107 |
| Sector: Leisure M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 5 of 5 |
| State: Texas M&A | 17 of 17 |
| Country: United States M&A | 99 of 99 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-15 |
Crunch
New York, New York, United States Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of 'No Judgments.' Crunch serves a fitness community for all types of people, with all types of goals, exercising all different ways; working out at the same place together. Crunch was founded in 1989 and is based in New York City. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Consumer Products |
| Employees | 30,000 |
| Revenue | 4.2B USD (2024) |
Topgolf Callaway Brands designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls, and also sells golf accessories (such as golf bags, golf gloves, headwear, towels, umbrellas and travel gear) under the Topgolf Callaway Brands and Odyssey brand names. The Company generally sells its products to retailers, directly and through its wholly-owned subsidiaries, and to third-party distributors. Topgolf Callaway Brands also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories, including apparel, footwear, eyewear, rangefinders and practice aids. Topgolf Callaway Brands was founded in 1982 and is based in Carlsbad, California.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector: Leisure M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Texas M&A | 3 of 3 |
| Country: United States M&A | 8 of 8 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-10 |
Jack Wolfskin
Idstein, Germany Jack Wolfskin offers functional outdoor clothing, footwear, and equipment in Europe and is the largest franchisor in the German specialist sports retail market. Jack Wolfskin was formed in 1981 and is based in Idstein, Germany. |
Sell | $290M |
| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Consumer Products |
| Employees | 30,000 |
| Revenue | 4.2B USD (2024) |
Topgolf Callaway Brands designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls, and also sells golf accessories (such as golf bags, golf gloves, headwear, towels, umbrellas and travel gear) under the Topgolf Callaway Brands and Odyssey brand names. The Company generally sells its products to retailers, directly and through its wholly-owned subsidiaries, and to third-party distributors. Topgolf Callaway Brands also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories, including apparel, footwear, eyewear, rangefinders and practice aids. Topgolf Callaway Brands was founded in 1982 and is based in Carlsbad, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Leisure M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 3 of 3 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-10 |
Jack Wolfskin
Idstein, Germany Jack Wolfskin offers functional outdoor clothing, footwear, and equipment in Europe and is the largest franchisor in the German specialist sports retail market. Jack Wolfskin was formed in 1981 and is based in Idstein, Germany. |
Sell | $290M |
