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.
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