Z Capital Partners Buys Affinity Gaming euro palace casino claim bonus for $580 Million
New York-based private equity manager Z Capital Partners LLC will buy Nevada-headquartered casino operator Affinity Gaming for the approximate level of $580 million, the two events announced in a Tuesday declaration.
Z Capital Partners is known to be the equity that is private unit of alternative investment manager Z Capital Group. Z Capital and its particular affiliates presently have a 41% stake in Affinity Gaming. Following the latest statement, it will choose the operator’s remaining outstanding shares at a cost of $17.35 per share. Z Capital said on Tuesday so it can pay in money and it was awarded a $465-million debt financing commitment from Citizens Bank, N.A. with the aim.
A special independent directors committee was formed by Affinity Gaming with the purpose of examining the potential transaction as well as bids from other interested parties and to advice the gambling operator’s Board of Directors after receiving a non-binding proposal of $15 per share from Z Capital.
As revealed in yesterday’s declaration, Z Capital increased its offer to $17.35 per share early in the day this month. The unique committee eventually concluded that an acquisition handle Z Capital had been one which would benefit Affinity Gaming and advised the Board to accept the proposition.
Commenting regarding the announcement that is latest, David Reganato, Chairman of Affinity Gaming’s Board and particularly appointed committee, stated that the contract with Z Capital would bring significant value euro palace casino register to investors and that it was the end result from a comprehensive consideration of Z Capital’s definitive offer. Pokračování textu Z Capital Partners Buys Affinity Euro Palace Casino App Gaming for $580 Million