RedBird Capital Partners Invests in Main Event Entertainment

June 15, 2020

RedBird Capital Partners will invest US$80 million for a 24.2% preferred equity stake in Main Event Entertainment, valuing the business at an implied enterprise value of US$424 million. The transaction provides Main Event with near-term financial flexibility and a strategic partner to support U.S. growth; RedBird also holds an option to acquire an additional 26.8% interest from Ardent Leisure between July 2022 and July 2024.

Buyers
RedBird Capital Partners
Targets
Main Event Entertainment
Sellers
Ardent Leisure Group Limited
Location
Texas, United States
Transaction Type
Growth capital

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