An Atlanta-based investment firm is believed to have made a billion-dollar bid for Dave and Buster’s.
According to the Wall Street Journal, Roark Capital Group recently offered around $1.1bn for the company, which operates venues offering food and beverages alongside arcade games.
The move is understood to have followed a breakdown in talks between Dave and Buster’s owner Oak Hill Capital Partners and private equity company Onex Corp and entertainment firm Cineplex.
The newspaper also reported that European investment company Permira is also considering making a bid.
For the 2013 financial year, Dave and Buster’s reported a 4.5 per cent increase in total revenue to $635.6m, while EBITDA rose 11.9 per cent to $134.8m. The company added five new stores in 2013 and plans to open up to eight new venues this year. It currently operates 68 venues.
