M&A Deal Summary

Trive Capital Acquires Tenpin

On February 6, 2024, private equity firm Trive Capital acquired leisure company Tenpin

Acquisition Highlights
  • This is Trive Capital’s 1st transaction in the Leisure sector.
  • This is Trive Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-02-06
Target Tenpin
Sector Leisure
Buyer(s) Trive Capital
Deal Type Going Private

Target

Tenpin

Cranfield Bedfordshire, United Kingdom
Tenpin is a bowling alley and family entertainment center operator with centers across the United Kingdom. Tenpin strives to offer its customers a best-in-class experience through a suite of activities including bowling lanes, arcade centers, escape rooms, karaoke, laser tag, billiards, table tennis, and soft play. Tenpin was formed in 2003 and is headquartered in Cranfield Bedfordshire, England.

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Buyer(S) 1

Buyer

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 52 of 54
Sector (Leisure) 1 of 1
Type (Going Private) 2 of 2
Country (United Kingdom) 1 of 1
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 Iowa Northern Railway

Waterloo, Iowa, United States

Iowa Northern Railway is a short line railroad. The Company operates over 250 miles of rail in northeastern Iowa, with a main line track running from Manly to Cedar Rapids (through Waterloo/Cedar Falls) as well as several branch lines that connect to the main track. The Company provides transportation to customers in agriculture, energy, and manufacturing and offers value-add services to Class I railroads. Iowa Northern Railway was established in 1984 and is based in Waterloo, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Formula Wellness

Dallas, Texas, United States

Formula Wellness is a provider of health, medical-based wellness, and aesthetics services with a focus on longevity science. The Company takes a personalized approach to wellness, with key services across nutrition, hormone balance, and aesthetics to improve patient longevity inside and out. Formula Wellness was formed in 2016 and is based in Dallas, Texas.

Buy -
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