Topgolf Callaway sells majority stake in Topgolf to Leonard Green at $1.1 billion valuation

Core Viewpoint - Topgolf Callaway Brands has agreed to sell a majority stake in its Topgolf unit to private equity firm Leonard Green, with the deal valuing the business at $1.1 billion [1] Company Summary - The transaction involves a majority stake sale of Topgolf, indicating a strategic move by Topgolf Callaway Brands to potentially focus on other areas or to raise capital [1] - The valuation of $1.1 billion reflects the market's confidence in the growth potential of the Topgolf business [1] Industry Summary - The involvement of private equity firm Leonard Green suggests a trend of investment interest in leisure and entertainment sectors, particularly in innovative business models like Topgolf [1] - This deal may signal a broader trend of consolidation and investment in the entertainment industry as companies seek to capitalize on changing consumer preferences [1]