HPS Investment Partners and Apollo Global Management acquire Great Canadian Gaming Corporation for C$3.3B
On September 22, 2021, an affiliate of certain funds managed by Apollo Global Management, Inc. and HPS Investment Partners, LLC completed its acquisition of Great Canadian Gaming Corporation for approximately C$3.3 billion in cash. The transaction was completed by a court-approved plan of arrangement.
Founded in 1982, Great Canadian operates 26 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick and Nova Scotia.
Apollo is a high-growth, global alternative asset manager that had approximately US$472 billion of assets under management as of June 30, 2021.
Based in New York, HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for its clients.
McCarthy Tétrault LLP advised HPS Investment Partners with a team led by Robert Richardson (M&A) that included Rami Chalabi (Private Equity), Glynnis Morgan and Cam Belsher (Gaming Regulatory), Raj Juneja (Tax), Oliver Borgers and Jonathan Bitran (Competition/Antitrust).
