Affiliate Optivest IB Closes Calaway Golf Acquisition of TravisMathew
August 2017: Optivest Wealth Management’s affiliate Optivest Investment Banking (OIB) announced on August 23, 2017 the acquisition of their client, TravisMathew, LLC, by Calaway Golf Company for $125.5 million in an all cash transaction. OIB acted as financial advisor to TravisMathew.
TravisMathew, founded in 2007, has grown into an iconic men’s sportswear brand with superior domestic distribution in premier department stores, high-end country clubs, resorts and TravisMathew retail stores. TravisMathew draws its inspiration from all aspects of Southern California culture and lifestyle combined with a focus on constant innovation and extraordinary quality.
Callaway Golf Company creates products designed to make every golfer a better golfer. The company both manufactures and sells golf clubs and golf balls, sells bags and apparel in golf and lifestyle categories under the Callaway Golf, Odyssey and OGIO brands worldwide.
The team at OIB led by Paul Donnelly, Sr. Managing Director, provided advisory services to the owners of TravisMathew and its team of advisors which included structuring and negotiating the transaction on behalf of the Company.