This website uses cookies for a range of purposes to help us understand your interests and improve the website. By using our website, you acknowledge the use of essential cookies and consent to the use of non-essential cookies, as described in our Cookie Policy. To understand more about how we use cookies or to change your preference and browser settings, please see our Cookie policy

Back toDeals, Cases & Projects
Advanced
Filters

Amaya Gaming Group completes US$177 million acquisition of Cadillac Jack

Date Closed

November 5, 2012

Lead Office

Québec City

Value

177.00 Million USD

On November 5, 2012, Amaya Gaming Group Inc. ("Amaya") announced that it had completed the purchase of Cadillac Jack Inc. ("Cadillac Jack") for U$$177 million.

Amaya acquired 100 per-cent of the equity of Cadillac Jack to retire its debt, pay for transaction costs and fund working capital. Amaya financed the transaction through a combination of cash on hand and a US$110.0 million non-convertible senior secured term loan secured by Cadillac Jack's assets.

Amaya, headquartered in Pointe-Claire, Québec, is an entertainment solutions provider for the regulated gaming industry.

Cadillac Jack, headquartered in Duluth, Georgia, is a supplier of products and technologies for the global gaming market.

McCarthy Tétrault LLP represented Amaya, as acquiror, with a team led by Philippe Leclerc, and including Myreille Gilbert and Charles-Antoine Soulière.

People