Bowlero, which owns the PBA and approximately 300 bowling alleys in North America, has “agreed to go public through a merger with blank-check company Isos Acquisition Corp. in a deal valuing the combined entity at $2.6 billion,” according to Biekert & Tse of BLOOMBERG NEWS. Sources said that the deal includes a “$450 million private investment in public equity, or PIPE, from investors including funds managed by Apollo Global Management Inc., Brigade Capital Management, Soros Fund Management LLC, Donerail Group LP and Wells Fargo Asset Management." Sources added that the combined company will trade on the NYSE "under the symbol BOWL." Sources indicated that the company “will continue to be led by its current management team and is slated to have a nine-person board.” Isos Acquisition is led by former top WWE execs Michelle Wilson and George Barrios (BLOOMBERG NEWS, 6/30).
