M&A Deal Summary

CEC Entertainment Acquires Peter Piper

On October 16, 2014, CEC Entertainment acquired restaurant Peter Piper from ACON Investments

Acquisition Highlights
  • This is CEC Entertainment’s 1st transaction in the Restaurants sector.
  • This is CEC Entertainment’s 1st transaction in the United States.
  • This is CEC Entertainment’s 1st transaction in Arizona.

M&A Deal Summary
Date 2014-10-16
Target Peter Piper
Sector Restaurants
Buyer(s) CEC Entertainment
Sellers(s) ACON Investments
Deal Type Add-on Acquisition
Advisor(s) North Point Advisors LLC (Financial)
Hogan Lovells (Legal)

Target

Peter Piper

Phoenix, Arizona, United States
Peter Piper is a pizza and entertainment restaurant chain operating 32 company-owned locations and 115 franchises in the southwestern U.S. and Mexico. Peter Piper was founded in 1973 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

CEC Entertainment

Irving, Texas, United States
Category Company
Founded 1977
Sector Restaurants
DESCRIPTION

CEC Entertainment, Inc. is a restaurant chain of Pizza. CEC Entertainment was founded in 1977 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 13 of 31
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 5 of 16
State (Arizona) 2 of 2
Country (United States) 7 of 21
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Injured Workers Pharmacy

Andover, Massachusetts, United States

Injured Workers Pharmacy is an independent mail order pharmacy serving the needs of injured workers. IWP offers a full range of therapeutic options to ease pain and discomfort caused by injury and meets each patient’s individual needs through a dedicated team of pharmacists. Injured Workers Pharmacy was founded in 2001 and is based in Andover, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 Fairway Outdoor Advertising

Duncan, South Carolina, United States

Fairway Outdoor Advertising LLC was formerly known as Naegele Outdoor Advertising, Inc. is the fifth largest outdoor advertising company in the United States and one of the largest privately held companies in the industry.

Sell -
Mergr

Product

Company

Legal