Court Square Capital Partners, a middle market-focused private equity firm with $7.4 billion in assets under management, has made a strategic investment in Five Star Parks & Attractions, a developer and operator of large-format family entertainment centres.Â
Court Square Capital Partners, a middle market-focused private equity firm with $7.4 billion in assets under management, has made a strategic investment in Five Star Parks & Attractions (Five Star), a developer and operator of large-format family entertainment centres (FECs).
Financial terms of the deal have not been disclosed although existing shareholders, including Fruition Partners, Taubman Capital, and the company’s management team, will remain significant minority investors in the business.
Headquartered in Lexington, Kentucky, Five Star operates 20 family entertainment centers across multiple brands including The Track Family Fun Parks, Celebration Station, Xtreme, Speed Zone, LazerPort, Malibu Jack’s, and Craig’s Cruisers. Five Star’s current locations are a strategic mix of indoor-only and indoor-outdoor FECs offering a variety of attractions including go-karts, arcades, bowling, thrill rides, laser tag, mini golf, and other family-oriented entertainment.
