NEW YORK–Wellspring Capital Management LLC today announced the completion of its previously announced sale of Dave & Buster’s, Inc. to Oak Hill Capital Partners, in partnership with the company’s management team. The aggregate value of the transaction was approximately $570 million. Dave & Buster’s was acquired by Wellspring Capital in 2006.
About Wellspring Capital Management
Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. The firm’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources.
About Dave & Buster’s, Inc.
Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster’s is the premier national owner and operator of 56 high-volume venues that offer interactive entertainment options for adults and families, such as skill/sports-oriented redemption games and technologically advanced video and simulation games, combined with a full menu of high quality food and beverages. Dave & Buster’s currently has stores in 24 states and Canada. For additional information on Dave & Buster’s, please visit www.daveandbusters.com or call (214) 357-9588.
For Wellspring Capital Management
KEKST AND COMPANY
Mark Semer / Micheline Tang