M&A Deal Summary

Clairvest Group Acquires Delaware Park Casino

On November 5, 2021, private equity firm Clairvest Group acquired gaming company Delaware Park Casino

Acquisition Highlights
  • This is Clairvest Group’s 5th transaction in the Gaming sector.
  • This is Clairvest Group’s 21st transaction in the United States.
  • This is Clairvest Group’s 1st transaction in Delaware.

M&A Deal Summary
Date 2021-11-05
Target Delaware Park Casino
Sector Gaming
Buyer(s) Clairvest Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Delaware Park Casino

Wilmington, Delaware, United States
Delaware Park Casino is a multi-faceted gaming facility. The company consists of over 100,000 square feet of gaming space with traditional gaming positions (i.e. slot machines, tables games, poker tables), and also offers retail sports betting, iGaming, and live thoroughbred racing. Delaware Park Casino was founded in 1937 and is based in Wilmington, Delaware.

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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 44 of 53
Sector (Gaming) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 22 of 24
State (Delaware) 1 of 1
Country (United States) 21 of 29
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 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.

Sell CA$100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 AlsoEnergy

Boulder, Colorado, United States

AlsoEnergy provides complete advanced solutions for control, monitoring, and management of solar PV and solar plus storage assets. This includes integrated software and hardware systems for DAS, SCADA, and power plant control, along with services covering the project lifecycle from system design and engineering through installation, commissioning, and support. AlsoEnergy provides technology solutions for more than 30GW of production in over 50 countries worldwide, providing regional expertise in all world markets using sales and service offices in Germany, Japan, and India along with US headquarters. AlsoEnergy was formed in 2007 and is headquartered in Boulder, Colorado.

Sell $695M
Mergr

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