Leonard Green to acquire a 60% interest in Topgolf with Topgolf Callaway Brands retaining a 40% stake Topgolf Callaway Brands to receive ~$770 million in net proceeds , /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE: MODG) today announced that it has signed a definitive agreement to sell a 60% stake in its Topgolf and Toptracer business ("Topgolf") to private equity funds managed by Leonard Green & Partners, L.P. ("LGP"). The transaction ...