Amaya Acquires Game Developer Cadillac Jack For US$167 Million

BY: 

Dave Forde
September 25, 2012

Montreal-based Amaya Gaming Group is on the grow again, this time announcing they have entered into an “arm’s length definitive agreement” to acquire Cadillac Jack, a supplier of products and technologies for the global gaming market with gaming machine placements in more than 200 venues in the United States and Mexico.
Amaya will pay approximately US$167.0 million to acquire 100% of the equity of Cadillac Jack and to retire its debt. The transaction will be funded through three separate cash payments. The first payment will be made upon closing of the Acquisition, and will total approximately US$147.0 million. Amaya will make two additional payments of US$10.0 million each, on the first and second anniversaries of the closing of the Acquisition. Amaya will finance the payment of the acquisition consideration through a combination of cash-on-hand and a new US$70.0 million to US$100.0 million non-convertible senior secured term loan.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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