Report: Chuck E. Cheese’s parent in IPO talks
According to a Reuters report, CEC Entertainment Inc., parent to the Chuck E. Cheese’s and Peter Piper Pizza child-oriented chains, is in talks for an initial public offering in the last half of this year.
Irving, Texas-based CEC, which was taken private in 2014 through a $1.3 billion deal with Apollo Global Management LLC, has talked with banks but not yet hired underwriters, Reuters reported Tuesday. Sources said the IPO could value the company at more than $1 billion.
A CEC Entertainment spokeswoman said Wednesday that she had nothing to add to the reports.
Chuck E. Cheese’s has been