LUN 25 DE NOVIEMBRE DE 2024 - 11:55hs.
Definitive agreement

AGS to be acquired by Brightstar Capital Partners for US$ $1.1 billion

PlayAGS, a global gaming supplier of high-performing slot, table, and interactive products, announced that it has signed a definitive agreement to be acquired by affiliates of Brightstar Capital Partners, a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses. The acquisition is set to cost US$1.1bn and will result in AGS becoming a privately held company.

The company’s Board of Directors has unanimously approved, and recommended that the firm's stockholders approve, the agreement.

AGS shareholders will receive US$12.50 per share in cash. The per share purchase price represents a 41% premium to the company’s volume-weighted average share price over the last 90 days and a 40% premium to AGS’ closing price on May 8, 2024.

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Powered by high-performing slot products, an expansive table products portfolio, and highly rated online casino content, the Company believes it offers an unmatched value proposition for its casino partners.

We are very pleased to reach this agreement, which we believe provides our stockholders with compelling, certain cash value. Joining forces with Brightstar represents an exciting new chapter for AGS and our mission to provide exceptional gaming solutions for our operator partners,” said David Lopez, CEO & President of AGS.

With Brightstar’s resources and strategic guidance, we believe AGS will be well-positioned to make targeted investments in R&D, top talent, operations, and industry-leading innovation, which should accelerate our global footprint.”

We look forward to working with David and the AGS team to capitalize on opportunities by taking a long-term approach to creating value," said Andrew Weinberg, Founder & CEO of Brightstar.

"AGS has a strong pipeline of new products, and we believe the Company’s innovative approach to game development provides significant potential for continued growth.”

We have been impressed by AGS’ award-winning products, differentiated culture, and outstanding reputation in this expanding industry,” said Roger Bulloch, Partner at Brightstar.

We trust that partnering with AGS and executing on our shared vision can accelerate the Company’s ability to create even greater value for its customers and players around the world.”

The proposed transaction, which is expected to close in the second half of 2025 is subject to customary closing conditions, including the receipt of regulatory approvals and approval by a majority of AGS stockholders. Upon completion of the transaction, AGS will become a privately held company and shares of AGS common stock will no longer be listed on any public market.

Source: GMB