Weil Reps Oak Hill In $570M Dave & Buster's Deal

Law360, New York (May 3, 2010, 3:46 PM EDT) -- Private equity firm Oak Hill Capital said Monday it was set to shell out $570 million to snap up restaurant and entertainment chain Dave & Buster's Inc. from current owner Wellspring Capital Management LLC.

Oak Hill Capital said it planned to capitalize on opportunities to grow the privately held arcade-restaurant chain, which was founded in 1982 and operates 56 locations across 24 states.

“We believe there is a tremendous opportunity to grow the Dave & Buster's store base given its differentiated format, the strength of its...
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