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Simply three years after rising from Chapter 11 chapter safety, leisure chain Chuck E. Cheese is reportedly in talks for what may very well be an over $1 billion acquisition.
Per Reuters, CEC Leisure (Chuck E. Cheese’s guardian firm) is reportedly working with Goldman Sachs to financially construction the corporate to draw potential patrons, together with non-public fairness corporations and different leisure firms, like Dave & Busters.
Citing confidential sources, the outlet reported that the leisure chain plans to earn $1.2 billion in income and $195 million in EBITDA.
Associated: Report: Chuck E. Cheese’s Is on the Block
In 2014, Chuck E. Cheese was acquired by Apollo International Administration for $1.3 billion at $54 a share.
Six years later, the company filed for Chapter 11 chapter safety and emerged by a monetary restructuring on December 30, 2020, with $705 million of debt paid off.
“Beneath new possession, and with the management of our new Board, the CEC crew is worked up to proceed delivering recollections, leisure, and pizza for teenagers and households world wide for generations to come back,” CEC Leisure’s CEO David McKillips mentioned on the time.
There are presently 557 Chuck E. Cheese places in 47 U.S. states and 10 nations.
A consultant for CEC Leisure didn’t instantly reply to Entrepreneur‘s request for remark.
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