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May 14, 2024

Holland & Hart Advises PlayAGS on Nevada Corporate Law for its $1.1 Billion Acquisition by Brightstar Capital Partners

Holland & Hart advised PlayAGS, Inc. (NYSE: AGS), a global gaming supplier of high-performing slot, table, and interactive products, as local Nevada transaction counsel in its definitive agreement to be acquired by affiliates of Brightstar Capital Partners (Brightstar) for approximately $1.1 billion. Cooley LLP served as primary M&A counsel for AGS. Brightstar is a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses. The agreement was announced May 9, 2024.

AGS shareholders will receive $12.50 per share in cash, which represents a 41% premium to AGS’ volume-weighted average share price over the last 90 days and a 40% premium to AGS’ closing price on May 8, 2024. This transaction is expected to close in the second half of 2025 subject to customary closing conditions, including the receipt of regulatory approvals and approval by a majority of AGS stockholders.

For more information, please see AGS’ press release.

The Holland & Hart team, led by partner Gian Brown, served as local Nevada transaction counsel.

Holland & Hart’s Corporate attorneys have extensive experience in mergers and acquisitions and advising clients at all stages of development, from start-up to public companies, in a diverse range of industries, including technology, food, beverage, and consumer products, energy, and cannabis sectors.


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