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

Synopsis

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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