Whispers abound of the PE giant considering a bid for Dave & Busters
Bloomberg had a report last week about Apollo possibly bidding to buy Dave & Busters from Oak Hill for about $1 billion. Apollo also owns Chuck E.Cheese, a restaurant and arcade for children.
"For Apollo, the move would mean doubling down on the industry after its takeover of Chuck E. Cheese, a kid-oriented purveyor of pizza, arcade entertainment and animatronic robots. The private-equity firm gained almost 600 restaurants and arcades when it acquired the chain’s owner, CEC Entertainment Inc., in a deal valued at $1.3 billion. Dave & Buster’s also runs a chain of entertainment complexes, though it caters more to adults -- with a focus on billiards, sports and beer.