M&A Deal Summary

OpenGate Capital Acquires Player One Amusement Group

On November 22, 2023, private equity firm OpenGate Capital acquired gaming company Player One Amusement Group from Cineplex for 155M CAD

Acquisition Highlights
  • This is OpenGate Capital’s 1st transaction in the Gaming sector.
  • This is OpenGate Capital’s 2nd largest (disclosed) transaction.
  • This is OpenGate Capital’s 3rd transaction in Canada.
  • This is OpenGate Capital’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2023-11-22
Target Player One Amusement Group
Sector Gaming
Buyer(s) OpenGate Capital
Sellers(s) Cineplex
Deal Type Divestiture
Deal Value 155M CAD

Target

Player One Amusement Group

Mississauga, Ontario, Canada
website
Player One Amusement Group provides amusement gaming equipment and outsourced operations and maintenance support to customers seeking to drive superior location profitability and create a best-in-class consumer experience. Player One Amusement Group is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 47 of 47
Sector (Gaming) 1 of 1
Type (Divestiture) 29 of 29
State (Ontario) 2 of 2
Country (Canada) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 InRule

Chicago, Illinois, United States

InRule is a decision management platform and business rules management system (BRMS). InRule enables enterprises to understand and automate decisions with unparalleled speed, agility, accuracy, and transparency. InRule was founded in 2002 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Verdant

Houston, Texas, United States

Verdant is a global specialty chemical company that supports human well-being through the power of science and nature. Verdant is based in Houston, Texas.

Sell $250M

Seller(S) 1

SELLER

Cineplex

Toronto, Ontario, Canada

website


Category Company
Founded 1912
Sector Media
Employees10,000
Revenue 1.4B CAD (2023)
DESCRIPTION

Cineplex is a entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. Cineplex was incorporated in 1912 and is based in Toronto, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Gaming) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Sega Amusement Works

Pensacola, Florida, United States

SAW LLC is a provider of coin-operated rides, amusement and redemption games as well as bulk-vending equipment to hundreds of large-scale big box retailers, shopping centres and restaurant locations. Based in Pensacola, Florida, the company specializes in amusement sourcing, servicing and operations across 13 states in the southeastern United States.

Buy -