Goode is pleased to announce that Strike Holdings LLC (known as “Bowlmor”) and AMF Bowling Worldwide, Inc. and certain of its affiliates (“AMF”) completed their merger. The new company, known as Bowlmor AMF, is the largest operator of bowling centers in the world with 7,500 employees, 272 bowling centers and combined annual revenue of approximately $450 million. As a result of the transaction, AMF will combine with Bowlmor to create Bowlmor AMF. The new company will be jointly owned by Bowlmor, certain of AMF’s second lien lenders, including an affiliate of Cerberus Capital Management, L.P. and Credit Suisse. The new company will include three different brands and categories of bowling centers, including Bowlmor Centers, Bowlero Centers and AMF Centers. In addition, Bowlmor AMF will hold a 50% ownership in Qubica AMF, the industry leader in bowling scoring, pinsetters, lanes, ball returns, pins and other capital and replacement equipment. In connection with the transaction, Goode achieved partial liquidity and rolled its remaining ownership into a combination of Preferred equity and debt.
About Goode Partners
Goode Partners LLC is a New York-based private equity firm that focuses exclusively on investment opportunities in the retail, restaurant, apparel, direct marketing and branded consumer products sectors. The firm has established itself as a partner of choice by leveraging its unique combination of investment capital, a team of professionals with experience investing in and operating some of the world’s premiere consumer brands, and an extensive industry network. Goode seeks to partner with the owners and managers of well-positioned, high-growth potential consumer-oriented companies. More information on Goode Partners and its team can be found on the firm’s website, goodepartners.com.