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Prosek Partners represents Brightstar Capital as the private equity firm completes the $1.1B deal to acquire PlayAGS, supplier of slot table and interactive products to the gaming industry.
Las Vegas-based AGS has enjoyed robust growth during the past three years as it more than doubled global slot machine sales to more than 6,100 units.
David Lopez, CEO of AGS, called the Brightstar partnership a pivotal moment and transformative chapter in his company’s growth story.
“We believe AGS is in an ideal position to accelerate growth and double-down on delivering focused, high-impact innovation across slots, table products, and online gaming,” said Lopez.
Andrew Weinberg, founder & co-chair of Brightstar, looks forward to helping AGS expand into new markets and continue to use its technology to create new games and products.
Brightstar has more than $5B in assets under management.
Catalyst IR handles Mobix Labs as it signs a “non-binding letter of intent” to acquire Special Project Delivery LLC, a privately-owned platform with positions in US rare earth properties.
The Blueshirt Group handles Lime as the San Francisco-based electric bike/scooter company has filed paperwork for an initial public offering, which will have an expected valuation in the $2B range.
Why CEOs need their CFOs and CCOs on the same page.
ICR handles Rare Earths Americas as the Manchester, Georgia-based company plans an initial public offering valued in the $370M range.
