Dave & Buster’s Files for Second U.S. IPO Attempt in Three Years

Dave & Buster’s Entertainment Inc. filed for a $100 million initial public offering, becoming the latest casual dining restaurant chain to seek a U.S. listing.

The figure is a placeholder used to calculate fees that may change. This is Dave & Buster’s second attempt at an IPO in the past three years. The chain, whose restaurants offer food and games aimed at adults, last filed for an IPO in July 2011, eventually seeking to raise as much as $107.7 million before withdrawing the plan in 2012, citing market conditions.

The chain’s owner, Oak Hill Capital Partners LP, also sought to sell the company earlier this year. The buyout fund was seeking a valuation of about $1 billion during an auction that drew interest from Chuck E. Cheese owner Apollo Global Management LLC, people familiar with the matter said in March.

Other dining chains, from El Pollo Loco Holdings Inc. to Potbelly Corp., have tapped public markets this year. Shake Shack, the burger chain backed by Leonard Green & Partners LP, is also weighing an IPO that could value it at as much as $1 billion, people with knowledge of the matter have said.

Jefferies Group LLC and Piper Jaffray Cos. are managing the offering.

Dave & Buster’s, which was founded in 1982, was publicly traded from 1997 to 2006, regulatory filings show, at which point it was acquired by a holding company controlled by affiliates of Wellspring Capital Management Management LLC. Oak Hill bought the company in 2010.

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