Brightstar Capital Partners Completes Acquisition of PlayAGS for Approximately $1.1 Billion Dollars

Core Insights - Brightstar Capital Partners has successfully acquired PlayAGS, Inc. for approximately $1.1 billion, with AGS stockholders receiving $12.50 per share in cash, resulting in AGS becoming a privately held company [2][3] Group 1: Acquisition Details - The acquisition was first announced on May 9, 2024, and has now closed following stockholder approval and regulatory clearances [2][3] - AGS's common stock will be delisted from the New York Stock Exchange (NYSE) as a result of the acquisition [2] Group 2: AGS Performance - AGS has experienced significant growth, doubling its global slot unit sales to over 6,100 units in the past three years [3] - The company has increased its online real-money gaming content revenue by over 150% and Table Products revenue by more than 50%, achieving three consecutive years of record revenue performance [3] Group 3: Strategic Vision - AGS's CEO, David Lopez, expressed optimism about the partnership with Brightstar, highlighting the potential for accelerated growth and innovation in gaming products [4] - Brightstar aims to leverage AGS's comprehensive product offerings and customer-centric culture to expand into new markets and enhance technological advancements in gaming [4] Group 4: Company Backgrounds - AGS is recognized as a global gaming company with a diverse product portfolio that includes slot machines, table products, and online gaming, focusing on customer success and player engagement [5] - Brightstar Capital Partners is a middle market private equity firm with $5 billion in assets under management, specializing in business services, industrials, consumer, and government services [6]