Dallas-based Dave & Buster's, which is owned by Oak Hill Capital Partners LP, had filed to raise up to $107 million in an offering that was to be underwritten by Goldman, Sachs & Co., Jefferies & Co. and Piper Jaffray & Co. At the midpoint of the price range, the offering would have given the chain a market value of $351.9 million, and an enterprise value including pro forma debt of $736.7 million.

But the company, which combines food along with games and entertainment at its restaurants, said Thursday, Oct. 4, that the turbulent markets made it a bad time to go public. "While we received significant interest from potential investors, current market conditions are not optimal for an IPO at this time," CEO Steve King said in a statement.

Dave & Buster's owns and operates 59 stores in 25 states and Canada, as of Sept. 4, 2012. For the 12 months ended July 29, 2012, the restaurant chain had revenue of $575.7 million and adjusted Ebitda of $111.5 million.

For fiscal 2011 ended Jan. 29, 2012, Dave & Buster's had revenues of nearly $542 million, adjusted Ebitda of $98.4 million and a net income loss of almost $7 million. For fiscal 2010 ended Jan. 30, 2011, the chain had revenues of nearly $522 million, adjusted Ebitda of $86.3 million and a net income loss of about $7.3 million.

Dave & Buster's was taken private in 2006 by Wellspring Capital Management LLC in a deal valued at $257 million, and sold to Oak Hill in June 2010 for $574 million. Oak Hill had intended to sell down its stake in the offering, and would have been left owning about 68% of the company's shares had the offering gone through.

It has been a mixed year for restaurant IPOs. Apollo Management LP-backed CKE Inc., operator of Carl's Jr. and Hardee's fast-food chains, in August postponed its IPO due to a lack of investor hunger for its stock. But Bloomin' Brands Inc., operator of Outback steak houses, that same month did raise $176 million in an IPO.