![]() Main Event’s existing footprint works well with Dave & Buster’s current geographies and each brand has significant growth opportunities. While each brand will continue to operate independently, ownership of both brands enables us to expand the breadth of customers we serve together, while also enabling each brand to better differentiate its offering to its core consumer. Main Event targets a different demographic, families with younger children, while Dave & Buster’s has primarily targeted young adults. From a strategic fit perspective, Main Event’s business model, footprint and asset quality aligns well with Dave & Buster’s. “This is a transformational combination for both brands. ![]() “We are thrilled to welcome Main Event to the Dave & Buster’s family,” said Kevin Sheehan, Board Chair and Interim Chief Executive Officer. are the joint lead arrangers and joint bookrunners for the committed financing. Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A. Dave & Buster’s expects to utilize cash on hand and proceeds from committed bank financing to fund the acquisition. The Company expects the acquisition to be accretive both from an earnings and growth perspective. The purchase price represents an unsynergized valuation multiple of approximately 9x Main Event’s 12-month Adjusted EBITDA as of Decemand the Company expects that upon the closing of the transaction there will be approximately $20 million of synergies to be achieved within the first two years from store support center consolidation and supply-chain efficiencies. The transaction is expected to close later this year, but specific timing for closing is subject to customary closing conditions, including approval by Ardent Leisure stockholders and regulatory review. ![]() The all-cash transaction, which was unanimously approved by both Boards of Directors, represents a total enterprise value of $835 million. Main Event is a family entertainment concept with 50 locations in the U.S, including three recently acquired The Summit locations in Colorado. Upon closing, Chris Morris, the current CEO of Main Event will be named CEO of Dave & Buster’s. UAVs generally fall into the following six categories: target and decoy, reconnaissance, combat, logistics, research and development, and civil and commercial UAVs.DALLAS, Ap(GLOBE NEWSWIRE) - Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it has entered into an agreement to acquire Main Event from Ardent Leisure Group Limited (ASX:ALG) (“Ardent Leisure”) and RedBird Capital Partners (“RedBird”). UAV innovations truly began in the early 1900s, however, and originally focused on providing practice targets for training military personnel. Austrian forces attempted to besiege Venice by launching 200 incendiary balloons into Venice. The earliest recorded use of an unmanned aerial vehicle for warfighting was in July 1849, where a UAV served as a balloon carrier (similar to an aircraft carrier). ![]() It is estimated that over one million civilian UAVs were sold by 2015, which far outnumbers military drones. UAV use has rapidly expanded to commercial, scientific, recreational, agricultural, policing and surveillance, product deliveries, aerial photography, infrastructure inspections, and drone racing. UAVs were originally used for military missions that were too “dull, dirty, or dangerous” for crewed aircraft ( Tice). UAVs can operate with varying degrees of autonomy, either autonomously by onboard computers, under remote control by a human operator, or piloted by an autonomous robot. ![]() Drones operate without a human pilot on board and are generally a component of a UAS, or unmanned aerial system, which includes a UAV, a ground-based controller, and a system of communication between the two. Drones, Unmanned AerialVehicles (UAVs), Uncrewed Aerial Vehicles (UAVs), or Unmanned Aerial Systems (UASs) are flying vehicles designed to maneuver under remote or autonomous control. ![]()
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