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

Topgolf Callaway Brands Corp. (NYSE: MODG) has announced that it has entered into an agreement to sell its Jack Wolfskin business to ANTA Sports for US$290 million in cash, subject to net working capital and other customary adjustments. The transaction is expected to close in the late second quarter or early third quarter of 2025 and is subject to customary closing conditions, including receipt of certain regulatory approvals.

Latham & Watkins advised 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. Advice was also provided on German tax matters by Munich partner Stefan Süss, with associate Johannes Lieb; on US tax matters by Century City partner Pardis Zomorodi and Houston partner Jared Grimley, with associate Dominick Constantino; on IP matters by Bay Area partner Michelle Gross, with associate Ryan Sanders; on employee benefits matters by San Diego partner Holly Bauer and Munich partner Tobias Leder, with associates Megan Ampe and Joe Benedetto; on finance matters by Los Angels partner Ken Askin, with associates Shane Alexander, Rychelle Andersen, and Kendall Ota; on antitrust matters by Washington, D.C. partner Jason Cruise and Frankfurt partner Max Hauser, with associates Christina Lantuh and Laura Lange; on public company reporting matters by San Diego associate Shelby Harrison; on real estate matters by San Diego counsel Achraf Farraj; on environmental matters by Orange County partner Chris Norton; on insurance matters by San Diego/Los Angeles counsel Hannah Cary; and on data privacy matters by San Diego counsel Jennifer Howes, with associate Claire Jensen.