M&A Deal Summary

Clairvest Group Acquires Centaur

On November 12, 2010, private equity firm Clairvest Group acquired gaming company Centaur

Acquisition Highlights
  • This is Clairvest Group’s 3rd transaction in the Gaming sector.
  • This is Clairvest Group’s 8th transaction in the United States.
  • This is Clairvest Group’s 1st transaction in Indiana.
Investment Fate
  • Centaur was sold to a publicly-traded strategic buyer in 2017 for 1.7B USD.

M&A Deal Summary

Date 2010-11-12
Target Centaur
Sector Gaming
Buyer(s) Clairvest Group
Deal Type Special Situations/Distressed

Target

Centaur

Indianapolis, Indiana, United States
Centaur is an owner and operator of the Hoosier Park Racing and Casino. Centaur operates a thorough bred and standardbred horseracing track in Andersen, Indiana, and an OTB network throughout Indiana. Centaur is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 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$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 22 of 57
Sector: Gaming M&A 3 of 6
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 8 of 32
Year: 2010 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-09 Rivers Casino

Des Plaines, Illinois, United States

Rivers Casino LLC is an operator of a casino and provider of a wide array of opportunities for professional growth and development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-25 Van-Rob

Aurora, Ontario, Canada

Van-Rob is at the forefront of the automotive industry in Imagination, Innovation and Technologically-advanced automotive systems and complex modules. As a Tier One supplier to the major automobile manufacturers, Van-Rob is a full-service, rapidly expanding automotive industry leader in the design and manufacture of metal stampings, modular welded assemblies, structural welded assemblies, mechanical assemblies and heat shields for thermal applications.

Sell CA$35M