Latham & Watkins Advises Big 5 Sporting Goods Corporation in Acquisition by Worldwide Golf and Capitol Hill Group

Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (Big 5), a leading sporting goods retailer, announced it has entered into a definitive merger agreement to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately US$112.7 million in enterprise value, including the assumption of approximately US$71.4 million in credit line borrowings as of June 29, 2025. The transaction, which has been unanimously approved by Big 5’s Board of Directors, is subject to certain closing conditions, including the approval of Big 5’s stockholders, and is expected to close in the second half of 2025, subject to the satisfaction of those conditions.

Latham & Watkins LLP represents Big 5 in the transaction with a corporate deal team led by Orange County partners Michael Treska and Darren Guttenberg, with associates Elena Burns, Danny Del Giorno, Tim Schubert, Chloe Barr, and Samantha Yeager. Advice was also provided on tax matters by Century City partner Ana O'Brien, with associate Arash Lotfi; on finance matters by New York/Los Angeles partner Nathan Whitaker, with associate Alex Grossman; on benefits matters by Los Angeles/Orange County partner Michelle Carpenter, with associate Peter Dalmasy; on intellectual property matters by Orange County counsel David Kuiper, with associate Azzam Chaudhry; on environmental matters by Orange County partner Joshua Bledsoe, with associate Brian McCall; and on real estate matters by Los Angeles/Century City partner Kim Boras, with associate Gina Garrett.