M&A Deal Summary |
|
|---|---|
| Date | 2020-10-27 |
| Target | Topgolf |
| Sector | Leisure |
| Buyer(s) | Topgolf Callaway Brands |
| Sellers(s) |
Providence Equity Partners
Dundon Capital Partners |
| Deal Type | Merger |
| Deal Value | 2.0B USD |
| Advisor(s) | Morgan Stanley J.P. Morgan Securities (Financial) Weil Gotshal & Manges (Legal) |
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| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Consumer Products |
| Employees | 32,000 |
| Revenue | 4.3B USD (2023) |
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 | 8 of 8 |
| Sector (Leisure) | 1 of 1 |
| Type (Merger) | 1 of 1 |
| State (Texas) | 2 of 2 |
| Country (United States) | 7 of 7 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-30 |
Jack Wolfskin KGaA
Idstein, Germany Jack Wolfskin GmbH & Co. KGaA is a provider of functional outdoor clothing, footwear and equipment in Europe and the largest franchisor in the German specialist sports retail market. Jack Wolfskin products are currently available in more than 400 franchise stores and at 4,000 points of sale across Europe and Asia. Jack Wolfskin products feature a high degree of functionality, user-friendliness and innovation. |
Buy | $476M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 85 of 100 |
| Sector (Leisure) | 1 of 1 |
| Type (Merger) | 5 of 7 |
| State (Texas) | 5 of 5 |
| Country (United States) | 57 of 68 |
| Year (2020) | 7 of 8 |
| Size (of disclosed) | 14 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-24 |
Leap Event Technology
Wexford, Pennsylvania, United States Leap Event Technology is a provider of technology solutions for arts and culture organizations. Leap Event Technology’s mission is to revolutionize the ticketing industry by providing arts, culture, and live entertainment organizations with integrated world-class customer relationship management, box office ticketing, fundraising, and marketing solutions. Patron Technology was founded in 2001 and is based in Wexford, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-17 |
Masmovil
Madrid, Spain Masmovil is a telecommunications operator. It provides triple-play fixed-line, mobile, and internet services to residential customers, businesses, and operators through a number of brands including Yoigo, MASMOVIL, Pepephone, Llamaya, Lebara, Lycamobile, and Hits mobile. Masmovil was founded in 2006 and is based in Madrid, Spain. |
Buy | €5.3B |
Dundon Capital Partners is a family-backed private investment firm focused on private equity and credit investments across a range of industries. Dundon focuses on control venture and private equity transactions with cash-flow oriented companies, as well as other debt, equity, and structured investments with attractive risk-adjusted returns. Dundon Capital was formed in 2015 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Leisure) | 1 of 1 |
| Type (Merger) | 1 of 1 |
| State (Texas) | 1 of 2 |
| Country (United States) | 1 of 2 |
| Year (2020) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-11 |
Carolina Hurricanes
Raleigh, North Carolina, United States Carolina Hurricanes is a franchise team and part of the National Hockey League (NHL). The Team was founded in 1972 and is based in Raleigh, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-28 |
Employer Direct Healthcare
Dallas, Texas, United States Employer Direct Healthcare is a provider of a surgical benefit solution for large self-funded employers and their members through its core product, SurgeryPlus. Employer Direct Healthcare was founded in 2011 and is based in Dallas, Texas. |
Sell | - |
