Powered by

After years of talks, Z Capital will acquire Affinity Gaming

Aug 23, 2016 - The Deal Pipeline

More than three years after Z Capital Partners LLC made its first takeover bid for casino operator Affinity Gaming LLC, the two parties have reached a deal that values the target at around $580 million.

The Lake Forest, Ill.-based private equity firm, which has a 41.14% stake in Affinity Gaming, said Tuesday that it has agreed to pay $17.35 per share in cash for the equity it doesn't already own.

Z Capital began its courtship of the Las Vegas gaming company in 2013, making a long str...