Atairos is using Sard Verbinnen & Co. to handle its more than $1B deal to acquire a "substantial ownership position" in Bowlmor AMF, which operates more than 300 bowling alleys.
Michael Angelakis, CEO of Atairos, called the deal an opportunity to invest in the growing out-of-home entertainment market.
He said Bowlmor AMF's "proven, scalable platform" and savvy management team offer a great potential for growth.
The private equity firm is acquiring its stake from Cerberus Capital Management.
As part of the transaction, Bowlmor AMF CEO Tom Shannon will remain in his position along with his current management team.
Bowlmor AMF exited bankruptcy about four years ago. It acquired Brunswick Corp.'s bowling alleys in 2014.
SV&C's George Sard, Ben Spicehandler and Jared Levy handle Atairos' bid.

Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.



