CEC Entertainment, which operates 567 Chuck E. Cheese's stores in 47 states in the US, is reportedly mulling over a possible sale to private equity firm. CEC has a market capitalization of around $760 million.
TriArtisan Capital Partners emerged as the top bidder for California-based restaurant operator CKE Inc in a deal valued at almost USD2 billion, according to sources familiar with the situation.
Private equity-backed CKE Inc expects to sell 13.3 million shares in its initial public offering at between $14 and $16 each.
Private equity-backed CKE Inc filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering.