CEC Entertainment And Leo Holdings End Business Combination Pact

Posted On: 8/1/2019

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IRVING, TX and LONDON, England -- Queso Holdings Inc., the parent company of CEC Entertainment Inc., together with Queso's controlling stockholder, an entity owned by funds managed by affiliates of Apollo Global Management and its consolidated subsidiaries and Leo Holdings Corp. have terminated their previously announced business combination agreement. The termination is effective immediately.

In connection with the termination of the business combination agreement, the extraordinary general meeting of Leo's shareholders scheduled for 9 a.m. on July 30 was cancelled.

CEC Entertainment Inc. is a nationally recognized leader in family dining and entertainment with both its Chuck E. Cheese and Peter Piper Pizza chains.

Leo Holdings Corp. is a "blank check" company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Apollo is a leading global alternative investment manager with offices in New York City, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $303 billion as of March 31 in private-equity, credit and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.