M&A Deal Summary |
|
|---|---|
| Date | 2018-10-31 |
| Target | Rivers Casino |
| Sector | Gaming |
| Buyer(s) | Churchill Downs |
| Sellers(s) | Clairvest Group |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Leisure |
| Employees | 5,500 |
| Revenue | 1.8B USD (2022) |
Churchill Downs owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room. Churchill Downs was incorporated in 1875 and is based in Louisville, Kentucky.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 15 |
| Sector (Gaming) | 3 of 4 |
| Type (Add-on Acquisition) | 9 of 13 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 10 of 15 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-16 |
Big Fish Games
Seattle, Washington, United States Big Fish Games, Inc. is a producer and distributor of mobile and online games. Big Fish Games Studios publishes brands that include Mystery Case Files, Hidden Expedition™, Azada™, and Fairway Solitaire™. Big Fish Games is based in Seattle, Washington. |
Buy | $885M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-03 |
Turfway Park
Florence, Kentucky, United States Turfway Park is a Thoroughbred racetrack in Florence, Kentucky. Turfway offers live racing from December through March, simulcast racing year-round and group sales and catering services year-round. Home of the Spiral Stakes. |
Buy | $46M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 1.7B CAD |
| Size | Large |
| Type | Sector Agnostic |
Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$5 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$15- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 27 |
| Sector (Gaming) | 3 of 3 |
| Type (Add-on Acquisition) | 9 of 12 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 9 of 15 |
| Year (2018) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-03 |
Meriplex
Houston, Texas, United States Meriplex is a managed solutions provider specializing in delivering intelligent network solutions, cloud enablement and managed services for the mid-enterprise market. Meriplex is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-27 |
Right Time Heating and Air Conditioning Canada
St. Catharines, Ontario, Canada Right Time Heating and Air Conditioning Canada, Inc. is an independent heating, ventilation and air-conditioning (“HVAC”) contractor focused strictly on the residential replacement market. Right Time operates out of seven locations in Ontario and Manitoba and provides preventative maintenance programs, repairs, and replacements of household HVAC units. |
Buy | - |
