Z Capital to acquire Affinity Gaming at $580M valuation
August 24, 2016
Casinos & Gaming | Las Vegas, NV | Secondary Buyout
Z Capital Partners has agreed to acquire Affinity Gaming, a casino gaming operator, in an all-cash transaction that values the target at approximately $580 million. Z Capital and its affiliates currently own 41 percent of Affinity and will now purchase its remaining shares at $17.35 apiece. The firm received a debt financing of $465 million from Citizens Bank for the deal, which is expected to close in 1Q 2017.