LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features ✚ Video
  • Tech Growth Coalition
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features ✚ Video
  • Tech Growth Coalition
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Clairvest to Merge Chilean Gaming With Sun Dreams

May 27, 2019

Canadian private equity firm Clairvest Group agreed to merge its portfolio company Chilean Gaming Holdings with Sun Dreams SA creating one of the largest casino operating conglomerates in Latin America. Financial terms were not disclosed and Clairvest will remain an investor in the merged conglomerate.

(PE HUB) Canadian mid-market private equity firm Clairvest Group has agreed to merge portfolio company Chilean Gaming Holdings with Sun Dreams SA, a Las Condes, Chile-based operator of casino properties.

No financial terms were disclosed.

In a separate statement, Sun International Ltd, Sun Dreams’ parent organization, said the deal will create one of Latin America’s largest gaming groups, owning and operating casino assets in Argentina, Chile, Colombia and Peru.

Clairvest, which first backed Chilean Gaming in 2006, will be an investor in the merged business.

Last month, Clairvest closed its sixth mid-market fund, raising about $1.1 billion (US$850 million).

PRESS RELEASE
Clairvest Signs MOU to Merge Chilean Gaming Holdings With Sun Dreams

Clairvest Group Inc. (TSX: CVG) today announced that it and Clairvest Equity Partners III (collectively, “Clairvest”) has entered into a memorandum of understanding (“MOU”) to merge Chilean Gaming Holdings with Sun Dreams S.A., another large South American operator of casino properties (the “Merger”). The details of the Merger and related transactions are outlined in the news release of Sun International Limited which was issued today.

The Merger is subject to several key conditions, including completion of due diligence and entering into definitive documentation.

About Clairvest
Clairvest Group Inc. is a private equity management firm that invests its own capital, and that of third parties through the Clairvest Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.

Clairvest to Merge Chilean Gaming With Sun Dreams was last modified: June 4th, 2019 by csantos
CanadaCasinoChileClairvest GroupGaming HoldingsLATAMMergerSun Dreams
0
Facebook Twitter Google +

LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 3,000+ investors, entrepreneurs, and corporates bi-weekly.

Asset Class *

 


VC Partner Events

    Tweets

    • 👏🏻@ArukayEdu @WeXchange https://t.co/coaAn1Bkte

      15-Nov-2019

      Reply Retweet Favorite
    • NEW! Check out the fourth annual #LatAm #Startup📖Directory that includes 330+ LAVCA verified startups w/US$1m+ in f… https://t.co/6aNCqxEdo1

      14-Nov-2019

      Reply Retweet Favorite
    • 📢¡Se cierra el registro! El programa LAVCA-@MITSloanLATAM de Capital Privado y M&A #LatAm te ofrece la oportunidad… https://t.co/oVM0XPJAbB

      30-Oct-2019

      Reply Retweet Favorite
    • Full house at #MexicoVCDay! Congratulations to @LiliReyesC & @AMEXCAP team! Discussions on bridging #markets with… https://t.co/vRFT3FgnU7

      17-Oct-2019

      Reply Retweet Favorite
    • @ #PVCC2019 Conference! #MiguelAlgarin, Camilo Kejner @Angel_Ventures, Maria Rita Spina Bueno @AnjosdoBrasil, Julia… https://t.co/5dGKGSPbzC

      16-Oct-2019

      Reply Retweet Favorite

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

    VC Industry News

    • SoftBank Leads a US$100m Investment in Konfio

      December 3, 2019
    • monashees and Fintech Collective Leads a US$10m Investment in Rebel

      December 1, 2019
    • Redpoint eventures Invests R$50m in Housi (em português)

      November 29, 2019
    • Tencent and SoftBank Lead a US$150m Series C Investment in Ualá

      November 25, 2019
    • SoftBank Leads a US$140m Investment in VTEX

      November 22, 2019
    • Engie Factory, Alaya Capital Partners, and Albi Lead Investment in Inti Tech

      November 19, 2019
    • Criatec 3 Invests R$2.5m in NeuroUp (em português)

      November 18, 2019
    • General Atlantic and Banco Votorantim Lead a R$400m Investment in Neon (em português)

      November 18, 2019
    • BASF Venture Capital Invests US$4m in SP Ventures (em português)

      November 18, 2019
    • Iporanga Ventures and Others Invest R$5m in Simplypag (em português)

      November 17, 2019
    • Tiger Global Leads a US$5.5m Investment in Habi

      November 15, 2019
    • Confrapar and Lorinvest Leads a US$7m Investment in Fielo

      November 14, 2019
    • Redpoint eventures Leads a US$1.12m Investment in Vittude

      November 13, 2019
    • Redpoint eventures and Canary Leads a US$3.5m Investment in Mediação Online (em português)

      November 13, 2019
    • Redwood Ventures Invests in Parco (en español)

      November 12, 2019
    • Indicator Capital and Gávea Angels Leads a R$5m Investment in Tevec (em português )

      November 11, 2019
    • Alaya Capital Partners Invests in Filadd (en español)

      November 10, 2019
    • Global Founders Capital Leads a US$30m Investment in Kovi

      November 5, 2019
    • QED Investors Leads an Investment in Pitzi

      November 4, 2019
    • Apex Partners Leads a R$2m Investment in Luma (em português)

      November 3, 2019
    • Alaya Capital Partners Invests in Aquabyte (en español)

      November 1, 2019
    • ALLVP Leads a US$15m Series B in MUY Tech

      October 30, 2019
    • SP Ventures Launches Brazil Venture Debt of R$140m from BNDES and Others (em português)

      October 29, 2019
    • Acumen (ALCP) Invests in SUNCOLOMBIA

      October 28, 2019
    • Verus Group Invests in Alstra (em português)

      October 25, 2019
    • Confrapar Invests R$7.5m in Compass 3D (em português)

      October 24, 2019
    • Bossa Nova, 42K, Gavea Angels, and Hangar 8 Invest in GeekHunter (em português)

      October 24, 2019
    • Mountain Nazca, Foundation Capital, and FEMSA Ventures Invest US$10m in Jüsto

      October 23, 2019
    • North Star and Axen Capital Invest R$1.2m in GlooPay (em português)

      October 23, 2019
    • Qualcomm Ventures Leads a R$40m investment in idwall (em português)

      October 23, 2019
    • Redpoint eventures and Angels Invest R$4.5m in Antecipa (em português)

      October 22, 2019
    • Alaya Capital Partners Invests in Inti Tech, Entelai, and Aquabyte (en español)

      October 18, 2019
    • Astella Leads a R$15m Investment in Exact Sales

      October 18, 2019
    • Elevar Equity Leads a US$3m Series A in Canasta Rosa

      October 17, 2019
    • NFX Leads a US$4.4m Investment in Zubale

      October 17, 2019
    • SoftBank Leads a R$190m Investment in Olist (em português)

      October 17, 2019
    • Canary and Valor Capital Lead a R$20m Investment in Alicerce (em português)

      October 17, 2019
    • ALLVP and InQlab Invest ~US$2.5m in Slang (en español)

      October 17, 2019
    • FTV Capital Makes a Follow-on Investment in EBANX – Now a Valuation of US$1b (em português)

      October 16, 2019
    • EDP Ventures Brasil and Criatec 3 Invest R$4.5m in Fractal Engenharia e Sistemas (em português)

      October 15, 2019
    • DOMO Invest, Bossa Nova Investimentos, and GV Angels Invest R$2.2m in Resolvvi (em português)

      October 14, 2019
    • Ripple, Pantera Capital, Jump Capital, Coinbase, and Others Invest in Bitso (en español)

      October 14, 2019
    • Fifth Wall Ventures Leads a Series A US$10m Investment in Cobli (em português)

      October 11, 2019
    • Uber To Acquire Cornershop

      October 11, 2019
    • Doble Impacto and Quest Capital Launch a US$10m Chilean Social Impact Fund

      October 10, 2019
    • Banco Santander México, CONTPAQi, and Others Invest MX$250m in Innohub (en español)

      October 10, 2019
    • KaszeK Ventures Leads a R$20m Series A in SouSmile (em português)

      October 8, 2019
    • Confrapar Invests R$20m in Ubook

      October 8, 2019
    • Yunus Invests in Arbusta

      October 8, 2019
    • SoftBank Latin America Fund and Grupo Globo Invest in Buser

      October 7, 2019
    • Vox Capital and Kviv Ventures Invest R$6m in VirtusPay (em português)

      October 6, 2019
    • KaszeK Ventures Leads a R$7m Investment in Theia, founded by Flávia Deutsch & Paula Crespi (em português)

      October 4, 2019
    • ONEVC Closes its Inaugural US$30m Cross-border Fund

      October 3, 2019

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Offices

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10031

        Buenos Aires:
        Av. Figueroa Alcorta 3351
        Buenos Aires, Argentina, 1425

    LAVCA Also Has a Regional Presence in:

        Silicon Valley:
        San Francisco, CA

        São Paulo:
        São Paulo, Brazil

    Explore LAVCA.org

    • About LAVCA
    • Board, Team & Councils
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2018 - LAVCA. All Rights Reserved.


    Back To Top