PE-backed Dave & Buster’s sets pricing range for IPO

Dallas-based restaurant and entertainment chain Dave & Buster’s has priced its IPO of 5.88 million shares at between $16 and $18 per share. The company is planning on trading its stock on the NASDAQ under the ticker symbol “PLAY.” Jefferies and Piper Jaffray are serving as lead underwriters. Dave & Buster’s is a portfolio company of Oak Hill Capital Partners.

PRESS RELEASE

DALLAS, Sept. 29, 2014 (GLOBE NEWSWIRE) — Dave & Buster’s Entertainment, Inc., the parent company of Dave & Buster’s, Inc., (the “Company”), an owner and operator of entertainment/dining venues, today announced that it has commenced the underwritten initial public offering of 5,882,353 shares of its common stock (the “Offering”) pursuant to a registration statement filed on Form S-1 (File No. 333-198641) with the Securities and Exchange Commission (the “Commission”). In connection with the Offering, the Company intends to grant the underwriters the option to purchase up to 882,352 additional shares of its common stock. The estimated price range for the initial public offering is $16.00 to $18.00 per share of common stock. Dave & Buster’s application to list its common stock on The NASDAQ Stock Market LLC under the symbol “PLAY” has been approved.

Jefferies LLC and Piper Jaffray & Co. are acting as lead book-runners for the Offering. William Blair & Company, L.L.C., Raymond James & Associates Inc. and Stifel, Nicolaus & Company, Incorporated are also acting as book-runners for the Offering. LOYAL3 Securities, Inc. is acting as co-manager for the Offering.

A registration statement on Form S-1 relating to the proposed Offering has been filed with the Securities and Exchange Commission but has not yet become effective. The shares to be registered may not be sold nor may offers to buy be accepted prior to the time when the registration statement becomes effective. Copies of the registration statement can be accessed through the Commission’s website at http://www.sec.gov.

This Offering is being made only by means of a prospectus. A copy of the prospectus related to the Offering may be obtained, when available, by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by calling toll-free 877.547.6340 or by email to Prospectus_Department@Jefferies.com; Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, by calling toll-free 800.747.3924 or by email to prospectus@pjc.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Dave & Buster’s Entertainment, Inc.
Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster’s Entertainment, Inc., is the parent company of Dave & Buster’s, Inc., an owner and operator of 70 venues in North America that combine dining and entertainment and offer customers the opportunity to “Eat Drink Play and Watch,” all in one location. Dave & Buster’s offers a full menu of “Fun American New Gourmet” entrées and appetizers, a full selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Dave & Buster’s currently has stores in 27 states and Canada.