Z Capital Partners has offered to buy all the outstanding shares of Affinity Gaming that it doesn’t already own for $14 a share, according to an SEC filing. Z Capital owns 30.5% of Affinity’s outstanding stock. Press reports are valuing the deal at $196.8 million. Las Vegas-based Affinity is a casino operator.
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Z Capital Partners has acquired a nearly 25% stake in Affinity Gaming. Financial terms were not announced. Las Vegas-based Affinity is a diversified casino gaming company with 12 casinos spread throughout Nevada, Missouri and Iowa. PRESS RELEASE Z Capital Partners, L.L.C. (“Z Capital”), a private equity firm focused on revitalizing businesses, today announced that it [...]