Z Capital Partners Buys Euro Palace Casino Instant Play 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 parties announced in a Tuesday statement.

Z Capital Partners is famous to be the equity that is private division of alternative investment manager Z Capital euro palace online casino Group. Z Capital and its own affiliates presently have a 41% stake in Affinity Gaming. Following a latest announcement, it’s going to buy the operator’s staying outstanding shares at a cost of $17.35 per share. Z Capital said on Tuesday so it has been granted a $465-million debt financing commitment from Citizens Bank, N.A. for the purpose that it will pay in cash and.

After receiving a non-binding proposition of $15 per share from Z Capital, a special separate directors committee had been created by Affinity Gaming with all the intent behind examining the prospective deal in addition to bids off their interested events and also to advice https://casinopokies777.com/euro-palace-casino/ the gambling operator’s Board of Directors.

As revealed in yesterday’s declaration, Z Capital increased its offer to $17.35 per share earlier this month. The unique committee sooner or later concluded that an acquisition deal with Z Capital ended euro palace casino kokemuksia up being one which would gain Affinity Gaming and advised the Board to approve the proposal.

Commenting on the announcement that is latest, David Reganato, Chairman of Affinity Gaming’s Board and specially appointed committee, stated that the agreement with Z Capital would bring significant value to investors and euro palace casino it was the effect from the comprehensive consideration of Z Capital’s definitive offer. Read more