M&A Deal Summary

Great Canadian Gaming Acquires Casino New Brunswick

On May 12, 2015, Great Canadian Gaming acquired gaming company Casino New Brunswick from Clairvest Group for 95M CAD

Acquisition Highlights
  • This is Great Canadian Gaming’s 1st transaction in the Gaming sector.
  • This is Great Canadian Gaming’s largest (disclosed) transaction.
  • This is Great Canadian Gaming’s 1st transaction in Canada.
  • This is Great Canadian Gaming’s 1st transaction in New Brunswick.

M&A Deal Summary

Date 2015-05-12
Target Casino New Brunswick
Sector Gaming
Buyer(s) Great Canadian Gaming
Sellers(s) Clairvest Group
Deal Type Add-on Acquisition
Deal Value 95M CAD

Target

Casino New Brunswick

Moncton, New Brunswick, Canada
website
Casino New Brunswick is a destination casino, hotel and multi-use entertainment and convention centre to be built in New Brunswick, Canada.

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Buyer(S) 1

Buyer

Great Canadian Gaming

North York, Ontario, Canada

website


Category Company
Founded 1982
Sector Gaming
Employees9,400
Revenue 442M CAD (2020)
DESCRIPTION

Great Canadian Gaming is an entertainment provider with 17 facilities including Casinos, Hotels, & Show Theatres. Great Canadian Gaming was founded in 1982 and is based in North York, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Gaming) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Brunswick) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 1.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

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 13 of 27
Sector (Gaming) 1 of 3
Type (Add-on Acquisition) 5 of 12
State (New Brunswick) 1 of 1
Country (Canada) 8 of 11
Year (2015) 2 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Linen King

Tulsa, Oklahoma, United States

Linen King is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South US. Linen King was established in 1999 and is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Digital Media Solutions

Clearwater, Florida, United States

Digital Media Solutions is a performance marketing company that uses actionable data, insightful analytics, and proprietary technology to reach, engage, and acquire customers for its clients across multiple interactive platforms. Digital Media Solutions was formed in 2012 and is based in Clearwater, Florida.

Buy -