Investment Summary

MacAndrews & Forbes Invests In Light & Wonder

On October 10, 2003, MacAndrews & Forbes invested in gaming company Light & Wonder

Investment Highlights
  • This is MacAndrews & Forbes’ 1st transaction in the Gaming sector.
  • This is MacAndrews & Forbes’ 9th transaction in the United States.
  • This is MacAndrews & Forbes’ 1st transaction in Nevada.

Investment Summary

Date 2003-10-10
Target Light & Wonder
Sector Gaming
Investor(s) MacAndrews & Forbes
Deal Type Stake Purchase

Target

Light & Wonder

Las Vegas, Nevada, United States
Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.

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Investor(S) 1

Investor

MacAndrews & Forbes

New York, New York, United States

Category Company
Sector Diversified
DESCRIPTION

MacAndrews & Forbes Incorporated owns and operates a diverse array of businesses, tapping into the broad expertise of its management team to support the delivery of best in class products and services to end users and consumers all over the world. MacAndrews & Forbes’ businesses span a wide range of industries, from global leaders in cosmetics and digital entertainment to biotechnology and military equipment.


DEAL STATS #
Overall 10 of 15
Sector: Gaming M&A 1 of 1
Type: Stake Purchase M&A Deals 8 of 9
State: Nevada M&A 1 of 1
Country: United States M&A 9 of 14
Year: 2003 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-08 SIGA Technologies

New York, New York, United States

SIGA Technologies Inc., is developing products for the prevention and treatment of serious infectious diseases, including products for use in defense against biological warfare agents. SIGA?s lead product is a smallpox drug that has shown very positive results to date in animal efficacy and human safety studies. SIGA?s product development programs emphasize the increasingly serious problem of emerging pathogens. SIGA has been successful in leveraging its product development platform through partnerships with the National Institutes of Health (NIH) and TransTech Pharma. SIGA has also been successful in obtaining significant funding from the NIH and the Department of Defense.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-11 AM General

South Bend, Indiana, United States

AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers and has more than six decades of experience meeting the changing needs of the defense and automotive industries. AM General is the original designer and manufacturer of the famous military HMMWV (Humvee®) and HUMMER® H1 vehicles, and commercial contract assembler of the H2, MV-1 and Ford Transit Connect Electric vehicles. AM General is based in South Bend, Indiana.

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