US operator Dave & Buster's has confirmed that Oak Hill Capital Partners, in partnership with the company's management team, has completed its previously announced acquisition of Dave & Buster's from Wellspring Capital Management.
In connection with the closing of the acquisition by Oak Hill Capital Partners, Dave & Buster’s closed its previously announced $200m issuance of 11 per cent senior notes due 2018 and its new senior secured credit facility consisting of a $150m term loan and a $50m revolving credit facility.
