Main Event Entertainment acquired by Dave & Buster’s Entertainment, Inc.
Dave & Buster’s Entertainment, Inc. acquired Main Event Entertainment, a US family entertainment brand, on Jun 29, 2022.
Transaction summary
- Target
- Main Event Entertainment
- Acquirer
- Dave & Buster’s Entertainment, Inc.
- Seller
- -
- Announced
- 2022-04-06
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 835M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
2.21x
Period: Main Event Historical FY Ended February1,2022; Proforma Statement Aligned January30,2022
Basis: Derived from source data
EV / EBITDA
9x
EBITDA: normalised / adjusted
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 835M
USD835m base cash payments plus adjustments, separate from same-sized announced whole-company EV.
Basis
- The announced whole-company EV was USD 835m, with no gross-up. Main Event’s historical revenue of USD 377.549m for the fiscal year ended February 1, 2022 comes from SEC pro forma statements aligned to January 30, 2022; USD 835m / USD 377.549m gives approximately 2.21x. Revenue of USD 267m and adjusted EBITDA of USD 37m for the fiscal year to June 2021 cover a separate period. The reported approximately 9x unsynergized multiple uses 12-month adjusted EBITDA to December 31, 2021, with the EBITDA amount undisclosed (not USD 37m); it is shown as reported. Base cash payments were USD 835m plus adjustments; the filing reports approximately USD 872m of closing cash and contingent consideration and USD 837.380m of initially reported net-of-cash consideration. The later reported net consideration of USD 832.472m is another measure, not the announced EV.
Source summary
Main Event to Be Acquired by Dave & Buster’s for $835 Million
ConfirmedThe transaction represents a total enterprise value of $835 million
Open sourceUnaudited Pro Forma Condensed Combined Financial Information
ConfirmedPro Forma D&B (a) Main Event (b) Adjustments Notes Combined
Open sourceDave & Buster’s Entertainment, Inc. Form 8-K, September 7, 2022
ConfirmedOn June 29, 2022, Dave & Buster’s Entertainment, Inc.
Open sourceDave & Buster’s Completes Acquisition of Main Event Entertainment — S&P Capital IQ
ConfirmedFor fiscal year ending June 2021, Main Event reported net revenue of $267 million and adjusted EBITDA of $37 million.
Open sourceContinue your research
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