Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
07.26.24
Pillsbury advised Everi Holdings Inc. (Everi) in the definitive agreements for a combination of Everi and the gaming businesses of International Game Technology PLC (IGT) to be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. The all-cash transaction values the acquired businesses at approximately $6.3 billion on a combined basis.
The announcement follows Pillsbury’s earlier advisement of Everi in Everi’s definitive agreements from February 24 to merge with IGT’s gaming businesses.
Under the terms of the new agreement, the Apollo Funds will acquire IGT Gaming and Everi, which will be privately owned companies that are part of one combined enterprise following closing, according to a press release.
To learn more about the transaction, click here.
The Pillsbury deal team was led by Corporate partners Christian Salaman and Drew Simon-Rooke and counsel Brandon Eckford. Additional team members included Capital Markets partner Davina Kaile and special counsel Danielle de Zorzi; Corporate partner Lillian Kim, senior counsel Nathaniel Cartmell and associates Kristin Garr, Alexandra Stephanos and Grace Lee; Antitrust & Competition partner Michael Sibarium, counsel Michael Warley and attorney Evan Storm; Executive Compensation & Benefits partners Laura McDaniels and Colleen Lamarre; Tax partner Nora Burke; Finance partner Philip Tendler; Bank & Leveraged Finance partner Joseph Fastiggi; Securities Litigation & Enforcement partner Bruce Ericson; and Real Estate associate David Wright.