QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 54, No. 1, January 2014, Posted On: 12/17/2013


Dave & Buster's Explores IPO, Reports Say


by Staff Reporter
TAGS: coin-op news, arcade games, Dave & Buster's Inc., Dave & Buster's IPO, initial public offering, restaurant and arcade chain, amusement business, Goldman Sachs (GS.N), Jefferies, Oak Hill Capital Partners

DALLAS -- Dave & Buster's Inc. is once again exploring a sale or initial public offering that could value the restaurant and arcade chain at more than $1 billion, according to Reuters and other financial news sources.

The big box entertainment and dining operation, which scrapped plans to go public in October 2012, is working with Goldman Sachs and Jefferies on the potential sale, according to a Reuters report today.

Dave & Buster's, owned by private equity firm Oak Hill Capital Partners, was targeting earnings of nearly $130 million in fiscal 2013 before interest, taxes, depreciation and amortization, according to a company filing. The company could fetch eight to nine times that figure in a sale, according to unidentified sources in today's Reuter's story.

Dave & Buster's was founded in 1982 and owns some 65 stores in North America. The operation traded publicly between 1997 and 2006, when it was bought by a holding company operated by Wellspring Capital Partners and HBK Main Street Investors for $257 million. Oak Hill acquired Dave & Buster's for $570 million in May 2010.


Topic: Music and Games Features

Articles:
  • Proximity-Marketing Technology Enhances AMI Entertainment's Jukebox Mobile App
  • National ATM Council Seeks Member Input On Conference Topics And Speakers
  • Borges Joins Player One Amusement As Northeast Account Executive
  • NCR's New SelfServ 80 ATMs Boast Video Banking, Multitouch Displays
  • Videogame Trailblazer Alan D. Stone Dies At 71; Founded Nintendo Of America

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570