Topgolf Callaway Brands, trading under the ticker MODG, has revealed plans to divest its Jack Wolfskin segment to Anta Sports. The agreed-upon base price for this deal is set at $290 million, to be paid in cash. The final price will be adjusted for net working capital and other typical transaction considerations.
The completion of this sale is anticipated to occur between the late second quarter and early third quarter of 2025, contingent on receiving the necessary regulatory consents and fulfilling standard closing conditions.
While Topgolf Callaway has not revised its current financial forecasts, the company's full-year guidance indicated in February included projections of approximately EUR 325 million in revenue and EUR 12 million in adjusted EBITDA for the Jack Wolfskin business.
