Daily News: January 17, 2014

NYT: Goldman, Others Advise on Apollo’s Chuck E. Cheese Parent Buyout

The New York Times reported Leon Black’s Apollo Global Management announced it agreed to acquire CEC Entertainment, which operates 577 Chuck E. Cheese’s restaurants, for $1.3 billion, including the assumption of debt.

The Times said further Goldman Sachs and the law firm of Weil, Gotshal & Manges are advising CEC; Deutsche Bank, Morgan Stanley and UBS are serving as financial advisers to Apollo, and with Credit Suisse, provided debt financing commitments; while Wachtell, Lipton, Rosen & Katz and Paul, Weiss, Rifkind, Wharton & Garrison are serving as Apollo’s legal advisers.

To read the entire Times article, click here.