UK bowling operator Ten Entertainment is to be acquired by a US private equity firm for £287m.
Trive Capital is set to pay 412.5p per share in cash after Ten’s board told shareholders they are recommending the takeover.
Proactiveinvestors.co.uk reports that Ten Entertainment chairman, Adam Bellamy, said that the growth strategy in place for the business will deliver for all stakeholders and that the acquisition provides shareholders with the opportunity of an exit which recognises the underlying value in the business.
Ten Entertainment operates 52 entertainment centres across the UK, which includes more than 1,200 lanes of bowling, alongside laser tag, escape rooms karaoke and arcades.
