LGP acquires Topgolf, Toptracer stakes; Angeles Equity acquires Technique

Deal Wrap is updated as of 3 p.m. ET.

– Leonard Green & Partners LP is set to acquire a 60% stake in Topgolf Callaway Brands Corp.'s Topgolf golf entertainment and Toptracer ball-tracing technology brands for $1.1 billion. Moelis & Company LLC was financial adviser and Ropes & Gray LLP and Sidley Austin LLP were legal advisers to Leonard Green. Goldman Sachs & Co. LLC and Centerview Partners were financial advisers and Latham & Watkins LLP was legal adviser to Topgolf Callaway Brands.

– Angeles Equity Partners LLC acquired a majority stake in metal fabrication business Technique Inc. Honigman LLP was legal adviser and Stifel Financial Corp. was financial adviser to Angeles Equity. Kerr Russell & Weber, PLC and Apollo Sports & Entertainment Law Group were legal advisers and BeaconView Advisors, LLC was financial adviser to Technique.

– Thoma Bravo LP is set to acquire a majority stake in Java runtime solutions provider Azul Systems Inc. from Lead Edge Capital Management LLC and Vitruvian Partners LLP, who will reinvest in Azul and retain minority stakes. Goodwin Procter LLP was legal adviser and William Blair & Company, LLC was financial adviser to Thoma Bravo. Kirkland & Ellis LLP was legal adviser and Guggenheim Securities, LLC was financial adviser to Azul.

– Nordic Capital is set to acquire a majority stake in proteomics company Evosep Aps, with investors EIFO and Novo Holdings A/S exiting in the deal.

– Flerie AB (publ) is set to acquire the remaining 43.24% it does not already own in biopharmaceutical company Lipum AB (publ) from Crafoord Foundation. Setterwalls Advokatbyrå AB was legal adviser to Flerie. HWF Advokater AB was legal adviser and Västra Hamnen Corporate Finance AB was financial adviser to Lipum.

– MFG Partners LLC invested in commercial electrical contractor Regency Electric Inc.

– CM Equity Partners invested in cybersecurity company Shorepoint, Inc.

– Tiger Infrastructure Partners LP invested in outsourced public utility locating company ELM Locating & Utility Services Inc.

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