Z Capital Partners Euro Palace Mobile Casino Buys Affinity Gaming for $580 Million

Z Capital Partners Buys Affinity Gaming for $580 Million

New York-based equity that is private Z Capital Partners LLC will buy Nevada-headquartered casino operator Affinity Gaming for the approximate amount of $580 million, the two events announced in a Tuesday statement.

Z Capital euro palace casino free spins Partners is known to be the equity that is private unit of alternative investment manager Z Capital Group. Z Capital and its particular affiliates currently own a 41% stake in Affinity Gaming. Following the announcement that is latest, it will purchase the operator’s staying outstanding stocks at a price of $17.35 per share. Z Capital said on Tuesday it can pay in money and that it has been given a $465-million debt financing dedication from people Bank, N.A. for the purpose.

After getting a non-binding proposal of $15 per share from Z Capital, a unique separate directors committee ended up being created by Affinity Gaming using the purpose of examining the prospective transaction along with bids off their interested events and to advice the gambling operator’s Board of Directors.

As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share early in the day this thirty days. The special committee fundamentally figured an acquisition handle Z Capital was the one that would benefit Affinity Gaming and suggested the Board to approve the proposition.

Commenting in the latest announcement, David Reganato, Chairman of Affinity Gaming’s Board and specifically appointed committee, stated that the agreement with Z Capital would bring significant euro palace casino germany value to investors and it was the end result from the comprehensive consideration of Z Capital’s definitive offer. […]

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