Bowlero Corp., an owner and operator of bowling centers, agreed to go public through a merger with blank-check company Isos Acquisition Corp. in a deal valuing the combined entity at $2.6 billion, according to people familiar with the matter.
The transaction includes a $450 million private investment in public equity, or PIPE, from investors including funds managed by Apollo Global Management Inc., Brigade Capital Management, Soros Fund Management LLC, Donerail Group LP and Wells Fargo Asset Management, said the people, who asked not to be identified because the information was private. The combined company will trade on the New York Stock Exchange under the symbol BOWL, the people said.
