CEC Entertainment Concepts, L.P.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
CEC Entertainment Concepts, L.P. - overview
Established
1977
Location
Irving, TX, US
Primary Industry
Travel & Leisure
About
CEC Entertainment Concepts, L. P. operates family entertainment centers combining dining with interactive games, primarily known for Chuck E. Cheese.
The company focuses on creating fun experiences for families, especially children, through game play and food offerings. Founded in 1977, CEC Entertainment Concepts, L. P. operates as a family entertainment center under the Chuck E.
Cheese brand, headquartered in Irving, US. The company has undergone significant changes, including a merger attempt with Leo Holdings Corp. in April 2019, which was later abandoned. In June 2020, CEC Entertainment, Inc.
filed for Chapter 11 bankruptcy protection. The latest funding round, Public to Private, raised USD 1,300. 00 mn from Apollo Global Management, which also retains a 51% stake in the combined company. To date, the firm has completed 2 total deals, with the most recent deal dated June 25, 2020.
Chuck E. Cheese primarily operates as a family entertainment center that combines dining with interactive games and activities. The core offerings include birthday party packages, arcade games, and a diverse food menu featuring their signature pizza. These services cater to families with young children, providing venues for celebrations and entertainment.
The NEW MONTHLY FUN PASS allows customers unlimited access to gameplay and food discounts, enhancing the overall experience. Chuck E. Cheese serves locations across the United States and select international locations, engaging families, schools, and community organizations. In 2014, Chuck E.
Cheese reported revenue of USD 821. 00 mn and an EBITDA of USD 171. 00 mn. The company generates income through direct-to-consumer transactions, group event bookings, and retail sales of gift cards and merchandise, creating a structured pricing model around celebrations, enhancing customer loyalty and repeat business through offerings like the 2-Month Unlimited Fun Pass.
Looking ahead, CEC Entertainment, Inc. aims to expand its offerings and geographic reach. The latest merger deal dated June 25, 2020, aimed to reposition the company, but following the bankruptcy filing in June 2020, the future expansion strategy will likely depend on the successful reorganization and stabilization of operations. The company plans to leverage its recent funding of USD 1,300.
00 mn to support these initiatives, although specific upcoming products and geographic markets targeted for expansion have not been detailed.
Primary Industry
Travel & Leisure
Sub Industries
Other Food Products, Restaurants & Nightlife, Recreational & Entertainment Facilities
Website
www.chuckecheese.com
Company Stage
Ceased Operations
Total Amount Raised
Subscriber access only
CEC Entertainment Concepts, L.P. - financials
| Fiscal Year Ended | Dec 30, 2001 | Dec 29, 2002 | Dec 28, 2003 | Dec 28, 2004 | Jan 02, 2005 | Jan 01, 2006 | Jan 01, 2007 | Jan 01, 2008 | Jan 01, 2009 | Jan 01, 2010 | Jan 01, 2011 | Jan 01, 2012 | Jan 01, 2013 | Jan 16, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 561,953,000 | 601,773,000 | 654,548,000 | - | 728,049,000 | 726,087,000 | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | 7.1% | 8.8% | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | 141,363,000 | 153,676,000 | 162,185,000 | - | 191,992,000 | 183,455,000 | - | - | - | - | - | - | - | - |
| Operating Income (USD) | 106,966,000 | 114,433,000 | 117,076,000 | - | 136,221,000 | 122,242,000 | - | - | - | - | - | - | - | - |
| Operating Margin | 19.0% | 19.0% | 17.9% | - | 18.7% | 16.8% | - | - | - | - | - | - | - | - |
| % EBITDA Margin | 25.2% | 25.5% | 24.8% | - | 26.4% | 25.3% | - | - | - | - | - | - | - | - |
| NET Income (USD) | 64,175,000 | 69,526,000 | 70,795,000 | - | 82,532,000 | 72,877,000 | - | - | - | - | - | - | - | - |
| % Net Margin | 11.4% | 11.6% | 10.8% | - | 11.3% | 10.0% | - | - | - | - | - | - | - | - |
CEC Entertainment Concepts, L.P. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcy/Write-off | Completed | CEC Entertainment Concepts, L.P. | - | ||||||||
| Add-on, Trade Sale | Completed | Peter Piper | - | ||||||||
| Public to Private | Completed | CEC Entertainment Concepts, L.P. | - |
Displaying 1 - 3 of 3
CEC Entertainment Concepts, L.P. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.