Latham & Watkins Advises Topgolf Callaway Brands on Completed Sale of Jack Wolfskin to ANTA Sports

Topgolf Callaway Brands Corp. (NYSE: MODG) has announced the successful completion of the sale of its Jack Wolfskin business to ANTA Sports for US$290 million, subject to certain customary closing adjustments. The transaction represents a significant milestone for Topgolf Callaway Brands as it refocuses its strategic priorities on its core businesses and enhances the Company's financial flexibility ahead of the planned separation of Topgolf from its core operations.

Latham & Watkins LLP represented Topgolf Callaway Brands in the transaction with a corporate deal team led by San Diego partners Craig Garner and Kevin Reyes, and Frankfurt partner Leif Schrader, with associates Taylor Ashton, Madeleine West, Zach Kobayashi, Dominique Brieger, and Christopher Maier.