Associated Press | The private equity firm that owns Dave &
Buster’s is selling the restaurant and arcade chain to another firm in
a deal worth $570 million. The deal was announced Monday by seller
Wellspring Capital Management, new owner Oak Hill Capital Partners and
the restaurant chain.

After the deal, Dave & Buster’s current management team will also own a stake. Oak Hill’s portfolio includes retailer The Container Store and TravelCenters of America.

Wellspring bought the company in 2006 in a deal worth $375 million, including the assumption of debt.

The deal is expected to close in the second quarter