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Main Event sold to Dave & Buster’s Entertainment for $1.1bn

Listed Australian leisure and entertainment group Ardent Leisure has sold its US-based Main Event business to Dave & Buster’s Entertainment for approximately $1.1 billion. 

April 22, 2022 • By Jerome Doraisamy
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Main Event sold to Dave & Buster’s Entertainment for $1.1bn
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Firm: Gilbert + Tobin (Ardent Leisure Group)

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Deal: Ardent Leisure Group and its joint venture partner, New York-based RedBird Capital Partners, have agreed to sell its US-based Main Event business to Dave & Buster’s Entertainment for approximately $1.1 billion. 

 
 

Completion of the transaction remains subject to customary closing conditions, the firm said in a statement, including US antitrust approval and Ardent shareholder approval.

Area: Corporate advisory

Value: $1.1 billion

Key players: The G+T team was led by partner Adam D’Andreti, who was supported by senior lawyer Sean Meehan and graduate lawyer Nick Maunsell.

Deal significance: Speaking about the transaction, Mr D’Andreti said: “Ardent Leisure is a long-standing client of G+T and we are privileged to once again assist them on a significant corporate transaction.

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“Given this involved the sale of a wholly US-based business (which happens to be Ardent’s main undertaking) to a US-listed purchaser, complex Australian and US legal and regulatory issues arose. We are proud to have assisted Ardent’s board in navigating these and obtaining the outcome they did.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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