PlayAGS (AGS): $11.29
Market Cap: $445.44M
Deal Size: $1.1B
In a slow week for M&A activity, two billion dollar deals were announced, including the acquisition of gaming equipment supplier PlayAGS (AGS) by middle-market private equity firm Brightstar Capital Partners.
The deal is an all cash deal worth $1.1 billion and shareholders of PlayAGS will receive $12.50 per share in cash. Brightstar paid a hefty 41% premium to acquire the company. PlayAGS is a supplier of slot machines, tables, and other interactive casino products and has a leveraged balance sheet with nearly half a billion in net debt on the balance sheet.