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Agreement signedPublished 18 Nov 2025

LGP TG Aggregator, LLC /
Topgolf

LGP TG Aggregator, LLC agrees to buy Topgolf

Buy side: LGP TG Aggregator, LLC
Buy sideLGP TG Aggregator, LLC
Target: Topgolf
TargetTopgolf
Topgolf Callaway Brands Corp. · 18 Nov 2025Source
See the source
Buy side: LGP TG Aggregator, LLC
Buy sideLGP TG Aggregator, LLC
Target: Topgolf
TargetTopgolf
01 / BuyerLGP TG Aggregator, LLC
02 / TargetTopgolf
Source for the buyer and target: Topgolf Callaway Brands Corp.

For the buyer and target.

“On November 17, 2025, Topgolf Callaway Brands Corp. (the “Company”) and Callaway TG Holdco Inc., a wholly-owned direct subsidiary of the Company (“NewCo” and, together with the Company, the “Sellers”), entered into a definitive agreement to sell a 60% stake in the Topgolf and Toptracer business (“Topgolf”), pursuant to the terms of an Equity Purchase Agreement (the “Purchase Agreement”) by and among the Sellers and LGP TG Aggregator, LLC, an affiliate of Leonard Green & Partners, L.P (the “Purchaser”).”

Published 18 Nov 2025

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01

What happened

LGP TG Aggregator, LLC agreed to acquire Topgolf for approximately $1.1 billion, according to a filing dated Nov. 18, 2025. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Topgolf Callaway Brands Corp.

LGP TG Aggregator, LLC agrees to buy Topgolf

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Announced

    “LGP TG Aggregator, LLC agrees to buy Topgolf LGP TG Aggregator, LLC agreed to acquire Topgolf for approximately $1.1 billion, according to a filing dated Nov. 18, 2025”

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  2. Published by Topgolf Callaway Brands Corp.

    The source this page is built from.

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