Raising equity for acquisition program of net leased Topgolf locations in the United States

By SameerManoharlalBhatia
Posted On: 21 / Jun / 2021
0 698

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Hospitality
Charge

Deal Status

Active

Deal Description

Seeking $33-44 million of initial equity commitment to acquire 3-4 Topgolf locations currently under construction. This program will eventually expand to $100 million and 10 locations over 36 months. The result will be a geographically diverse portfolio of Topgolf locations operated by Topgolf for Callaway. Once the programmatic acquisitions are complete, Titan Vanguard would plan to either convert the entity into a REIT and initiate an initial public offering, sell the portfolio to another net-lease focused REIT, or individually sell locations after a 5 year hold period. In case of questions, please contact Sergio van Luijk ([email protected] /+3212260113).

No Files Attached

Deal Value
₹ 319.6 Crore
Targeted Region
Americas

Revenue

2019-20
₹ 7.99 Crore
2020-21
₹ 7.99 Crore
2021-22
₹ 7.99 Crore
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