Dallas-based private equity firm Trive Capital announced that one of its affiliates has acquired Ten Entertainment Group, a premier bowling and family entertainment center operator based in the United Kingdom.
Known for its entertainment brand Tenpin, the company offers customers a unique experience via a mix of bowling lanes, video arcades, escape rooms, karaoke, laser tag, pool, table tennis, and soft play across 53 centers. The partnership with Trive will allow Tenpin to accelerate its expansion strategy in the U.K. and continue to invest in its site portfolio to enhance customer experience, Trive said.
Terms of the deal were not disclosed.
“We’re excited to partner with a leading leisure and entertainment operator in Tenpin, with a high-quality management team focused on innovation and providing a best-in-class customer experience” Trive Capital Partner Shravan Thadani said in a statement. “Trive looks forward to continuing to invest in and behind the platform to support the employee base, enhance the existing portfolio, and facilitate estate expansion.”
Graham Blackwell, CEO of Tenpin, said the move will help to push his brand forward “and deliver our customers an exceptional experience.”
“The leadership team looks forward to collaborating with Trive on our next phase of growth, both organically and through M&A, and expanding upon what we have built,” Blackwell added in a statement.
Cavendish Capital Markets Ltd. was financial adviser and Kirkland & Ellis International LLP served as legal counsel to Trive Capital.
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