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Announced

Completed

Bowlero went public via a SPAC merger with ISOS Acquisition in a $2.6bn deal.

Financials

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Transaction Value£1,879m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.5x
EV/EBITDA12.96x
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Friendly

Single Bidder

Acquisition

Domestic

Recreational Services

bowling centers

United States

Private Equity

Reverse Takeover

De-SPAC

Completed

Merger

Synopsis

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Bowlero, a bowling centers operator, went public via a SPAC merger with ISOS Acquisition, a special purpose acquisition company, in a $2.6bn deal. The transaction included a $450m PIPE anchored investors Apollo Global, Brigade Capital, Soros Fund Management, The Donerail Group, and Wells Fargo Asset Management. Atairos, an investment company, divested its $105m equity stake. "We view this business combination as highly strategic with committed capital that gives Bowlero even more financial flexibility to execute on organic and inorganic growth plans. We look forward to joining the Bowlero Board and driving shareholder value with the combined experience and network of our two teams," George Barrios and Michelle Wilson, ISOS Acquisition Co-CEOs.

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