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

November 26, 2019euro palace casino

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Z Capital Partners Buys Affinity Gaming for $580 Million

New York-based private equity supervisor Z Capital Partners LLC will purchase 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 famous to end up being the private equity administration unit of alternative investment manager Z Capital Group. Z Capital as well as its affiliates presently possess a 41% stake in Affinity Gaming. Following a announcement that is latest, it will choose the operator’s staying outstanding stocks at a high price of $17.35 per share. Z Capital said on Tuesday it has been granted a $465-million debt euro palace casino claim bonus financing commitment from Citizens Bank, N.A. for the purpose that it will pay in cash and.

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 euro palace casino auszahlung operator’s Board of Directors after receiving a non-binding proposal of $15 per share from Z Capital.

As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share earlier in the day this month. The committee that is special concluded that a purchase handle Z Capital was one which would gain Affinity Gaming and advised the Board to accept the proposal.

Commenting regarding the latest announcement, David Reganato, Chairman of Affinity Gaming’s Board and specially appointed committee, said that the agreement with Z Capital would bring significant value to investors and that it was the end result from the comprehensive consideration of Z Capital’s definitive offer.

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