Onex Corp, Cineplex lead race to buy food and gaming house Dave & Buster’s

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dave & buster'sCanadian private equity firm Onex Corp is reportedly in pole position to buy restaurant and arcade game chain Dave & Buster’s after teaming up with leisure business Cineplex.

An offer from the pair is believed to be more than $1bn according to the Wall Street Journal, which cited people familiar with the matter.

Dave and Buster’s markets itself as a place where adults can eat, drink, play arcade games and watch sports.

The company is currently owned by private equity firm Oak Hill, which bought the business in a $570m deal in 2010.

Dave & Buster’s files to raise up to $150m through an IPO in 2011, but scrapped those plans a year later.

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