Trive Capital Management LLC, a US-based buyout firm, is in advanced talks to buy the London-listed tenpin bowling operator (Ten Entertainment Group plc (LSE:TEG)) with an announcement likely on December 6, 2023, Sky News learns. A banking source said the deal was expected to be announced as early as December 6, 2023 morning. The deal is expected to be worth in the region of £300 million.

Trive's bid for Ten Entertainment will come six years after the tenpin bowling group floated at 165 pence-a-share. On December 5, 2023, the stock closed at 310 pence, meaning that with a conventional takeover premium included in the offer, investors at the time of the listing would have more than doubled their money. A spokesman for Ten Entertainment declined to comment.