M&A Deal Summary

Northlight Financial Acquires PDS Gaming

On January 19, 2017, lender Northlight Financial acquired financial services company PDS Gaming

Acquisition Highlights
  • This is Northlight Financial’s 1st transaction in the Financial Services sector.
  • This is Northlight Financial’s 1st transaction in the United States.
  • This is Northlight Financial’s 1st transaction in Nevada.

M&A Deal Summary

Date 2017-01-19
Target PDS Gaming
Sector Financial Services
Buyer(s) Northlight Financial
Deal Type Buyout (LBO, MBO, MBI)

Target

PDS Gaming

Las Vegas, Nevada, United States
PDS Gaming is a provider of customized financing of gaming equipment and services in the US and abroad with a 30-year operating history and vendor licenses in 30 jurisdictions. PDS Gaming was founded in 1988 and is based in Las Vegas, Nevada.

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Buyer(S) 1

DESCRIPTION

Northlight Financial is a corporate lender and asset-based investor managing corporate loans, real estate and private equity investments. Northlight seeks to invest in overlooked, undervalued and underserved markets. Within its direct lending group, Northlight offers one-stop financing solutions to middle-market and sub investment grade companies. The Firm focuses on acquisition financing, recaps, growth capital and bridge loans ranging in size from $5 to $100 million. Within real estate, Northlight focuses on acquiring income producing and non-income producing, office, industrial, retail and lodging properties as well as land development opportunities. Within private equity, Northlight looks to identify private equity investment opportunities with quality management, strong historical performance and significant potential upside. Northlight Financial was formed in 2002 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1