Topgolf Stake Sale: Boost for MODG as Private Equity Steps In

Topgolf Callaway Brands has announced a major move by selling a 60% stake in its Topgolf business to Leonard Green & Partners for around $770 million. This significant stake sale is a strategic decision aimed at boosting financial growth with the support of a leading private equity firm. The deal not only highlights the potential for increased revenue but also reflects positively on the company’s overall financial health and stability.