Sale to Wellspring Capital Management, L.L.C.

Consumer
Sale to Wellspring Capital Management, L.L.C.

Summary

Baird served as exclusive financial advisor to Lucky Strike Entertainment, L.L.C. on this transaction

About

Lucky Strike Entertainment, L.L.C. (“Lucky Strike” or the “Company”) has been acquired by Wellspring Capital Management, L.L.C. (“Wellspring”). Terms of the transaction were not disclosed.

Lucky Strike is a leading creator and operator of upscale interactive venues featuring premium bowling lanes, handcrafted food and spirits, occasional live music performances, a broad assortment of engaging, high-tech games and a one-of-a-kind atmosphere. Founded in 2003, the Company has developed an iconic lifestyle brand, and its 19 venues located across 12 states and Washington D.C. are considered the places “to see and be seen”. Lucky Strike combines the best attributes of dining, nightlife and interactive entertainment. The Company is headquartered in Sherman Oaks, California.

Wellspring is a leading private equity firm founded in 1995. Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Over the past 23 years, Wellspring has invested in over 35 platform investments and completed over 60 add-on acquisitions across various segments of the United States and global economies. Wellspring’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. Wellspring is headquartered in New York, New York.
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Consumer
Sale to Wellspring Capital Management, L.L.C.
Date
December 2018
Company
Lucky Strike Entertainment, L.L.C.
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

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