SHARE

Leonard Green buys majority of Topgolf in $1.1bn valuation deal

Topgolf Callaway Brands is selling a 60% stake in Topgolf to the private equity firm, valuing the venues business at $1.1bn. Callaway expects $770m in net proceeds, with plans to pay down debt and return capital. Topgolf operates about 80 sites globally.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.