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IPO Edge Editor Jannarone Says Follow the Cheese with Leo Holdings Corp – Real Vision

John Jannarone

In an interview with Real Vision, IPO Edge Editor-in-Chief John Jannarone explains why investors should consider investing in Chuck E. Cheese parent CEC Entertainment though shares of a Special Purpose Acquisition Company, or SPAC, called Leo Holdings Corp. CEC is one of the first restaurants to go public in the last few years and has a uniquely strong brand with Chuck E. Cheese, which has been around since 1977 and continues to be a favorite for young children. Private equity giant Apollo will continue to own 51% of the surviving company after the transaction, a plus for investors who focus on strong corporate governance. The company is poised to grow Ebitda by roughly 10% a year and is priced below peers such as Dave & Buster’s Entertainment.



John Jannarone, Editor-in-Chief



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