MergerLinks - CALLAWAY APPAREL K.K. / TSI GROOVE & SPORTS CO LTD. / CALLAWAY GOLF K.K. / Joint Venture / Private / £8m

New Deal

Announced

5 Nov 2015

Completed

30 Jun 2016

CALLAWAY APPAREL K.K. / TSI GROOVE & SPORTS CO LTD. / CALLAWAY GOLF K.K. / Joint Venture / Private / £8m

Financials

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Transaction Value£8m

Consideration Type-

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Callaway Apparel K.k.

bidder

Callaway Golf K.k.

bidder

Tsi Groove & Sports Co Ltd.

Sources

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Tags

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accessories

apparel

Clothing and Accessories

Japan

Private

Completed

Friendly

Single Bidder

Joint Venture

Synopsis

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Joint venture between Callaway Golf and TSI Groove & Sports to form Callaway Apparel K.K., a Japan-based manufacturer and retailer of apparel, footwear and headwear.

Service Providers

Dealmakers (2)

Craig Garner

Partner at Latham & Watkins

Michael Yoshii

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15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.