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Main Event sold to Dave & Buster’s Entertainment for $1.1bn
Listed Australian leisure and entertainment group Ardent Leisure has sold its US-based Main Event business to Dave & Buster’s Entertainment for approximately $1.1 billion.
Jerome Doraisamy
Firm: Gilbert + Tobin (Ardent Leisure Group)
Completion of the transaction remains subject to customary closing conditions, the firm said in a statement, including US antitrust approval and Ardent shareholder approval.
Area: Corporate advisory
Value: $1.1 billion
Key players: The G+T team was led by partner Adam D’Andreti, who was supported by senior lawyer Sean Meehan and graduate lawyer Nick Maunsell.
Deal significance: Speaking about the transaction, Mr D’Andreti said: “Ardent Leisure is a long-standing client of G+T and we are privileged to once again assist them on a significant corporate transaction.
“Given this involved the sale of a wholly US-based business (which happens to be Ardent’s main undertaking) to a US-listed purchaser, complex Australian and US legal and regulatory issues arose. We are proud to have assisted Ardent’s board in navigating these and obtaining the outcome they did.”
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Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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