1. Home >
  2. M&A >
  3. Consolidation >
  4. United States >
  5. Virginia >
  6. Cerberus Capital Management Acquires Bowlero

M&A Deal Summary

Cerberus Capital Management Acquires Bowlero

On July 1, 2013, asset manager Cerberus Capital Management acquired media company Bowlero

Acquisition Highlights
  • This is Cerberus Capital Management’s 2nd transaction in the Media sector.
  • This is Cerberus Capital Management’s 30th transaction in the United States.
  • This is Cerberus Capital Management’s 3rd transaction in Virginia.
Investment Fate
  • Bowlero was sold to a consortium of financial buyers in 2017.
  • Bowlero went public in 2021.

M&A Deal Summary
Date 2013-07-01
Target Bowlero
Sector Media
Buyer(s) Cerberus Capital Management
Deal Type Consolidation

Target

Bowlero

Mechanicsville, Virginia, United States
Bowlero is an owner and operator of bowling centers in the world, with more than 300 locations, across the U.S., Mexico, and Canada specializing in corporate and private events as well as league and retail bowling. Bowlero portfolio of bowling center brands includes Bowlero, Bowlmor Lanes, AMF Bowling Co., and Brunswick Zone, serving over 28 million guests each year. Bowlero was founded in 1997 and is based in New York City.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 43 of 93
Sector: Media M&A 2 of 2
Type: Consolidation M&A Deals 1 of 1
State: Virginia M&A 3 of 4
Country: United States M&A 30 of 68
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 North American Bus Industries

Anniston, Alabama, United States

North American Bus Industries produces a comprehensive line of innovative, heavy-duty transit buses from 31’ to 60’ (articulated) at its headquarters in Anniston, Alabama. North American Bus Industries prides itself on its environmentally responsible vehicles with CNG, hybrid-electric and clean diesel propulsion systems.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 American Petroleum Tankers

New York, New York, United States

American Petroleum Tankers LLC (“APT”) is a U.S. Jones Act Shipping Company engaged in the coastwise trade of petroleum products.

Sell -
Mergr

Solution for

Product

Company

Legal