Deal Synopsis:
The Lenox Group advised AIKG, LLC, dba Andretti Indoor Karting and Games, and its subsidiaries (collectively, “AIKG” or the “Company”), on its sale-leaseback and growth capital investment involving EPR Properties (“EPR”) and Penta Mezzanine Fund (“Penta”). AIKG operates premium indoor entertainment complexes featuring high-speed karting and a variety of other exciting entertainment offerings including arcade video games, racing simulators, rock walls, ropes courses, zip lines, luxury bowling, and laser tag arenas along with full-service restaurants and bars. The capital provided by EPR and Penta will allow AIKG to accelerate its strategic expansion across the United States.
EPR Properties is a real estate investment trust listed on the New York Stock Exchange under ticker symbol EPR. EPR invests in the real estate markets of United States and Canada. The firm develops, owns, leases and finances properties in select market segments primarily related to entertainment, education and recreation. EPR’s headquarters is located in Kansas City, Missouri.
Penta Mezzanine Fund is a private investment firm providing customized growth capital solutions to profitable, lower-middle market companies nationwide. Penta looks to invest funds in established companies operated by experienced and proven management teams with a history of building enterprise value. Penta’s headquarters is located in Orlando, Florida.