OpenGate Capital, a Los Angeles, CA-based private equity firm, signed a definitive agreement with Cineplex, Canada’s entertainment and media company, to acquire their Player One Amusement Group division, for a total transaction value of CAD $155M.
Closing is expected to occur in early 2024 subject to customary closing conditions.
P1AG is an amusement services provider based in Toronto, Ontario, serving customers across Canada and the US. The business provides amusement gaming equipment and outsourced operations and maintenance support to customers seeking to drive superior location profitability and create a consumer experience. In addition, the business sources, distributes, and maintains amusement gaming equipment for commercial and retail venues across North America.
P1AG serves approximately 2,400 customer locations and manages more than 20,000 equipment assets across North America. Customers include theater chains, family entertainment centers, and other amusement operators including bowling centers, resorts, restaurants, and trampoline parks.
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, it has European office in Paris, France. Its professionals possess the critical skills needed to acquire, transition, operate, build, and scale successful businesses. To date, OpenGate Capital has executed more than 40 platform acquisitions across North America and Europe.
FinSMEs
23/11/2023