Everi Holdings Completes $6.3 Billion Acquisition by Apollo
Deal News | Jul 09, 2025 | Pillsbury Winthrop Shaw Pittman LLP
In a significant acquisition deal, Everi Holdings Inc. was advised by Pillsbury Winthrop Shaw Pittman LLP during its $6.3 billion acquisition by Apollo Funds, managed by affiliates of Apollo Global Management Inc. Pillsbury lawyers Christian Salaman and Drew Simon-Rooke led the advisory team, which also represented Everi in the $4.3 billion loan and bond offering to finance the acquisition. The deal, structured as an all-cash transaction, aims to create a global leader in gaming, digital, and financial technology solutions through the integration of Everi and International Game Technology PLC (IGT) businesses. The combined company will operate under the IGT name and consist of three core business units: Gaming, Digital, and FinTech. Several financial institutions, including Deutsche Bank, Macquarie Capital, and Goldman Sachs, played crucial roles as lead arrangers and bookrunners in the financing. This merger will see the establishments of a people-centric culture focused on talent, collaboration, and innovation. The integration of the companies will take place over the coming months, and the new enterprise will be headquartered in Las Vegas.
Sectors
- Gaming Industry
- Financial Technology (FinTech)
- Private Equity
Geography
- United States – The acquisition involves Everi Holdings, headquartered in the U.S., and the newly formed company will be based in Las Vegas.
Industry
- Gaming Industry – This sector is pertinent as the acquisition involves Everi Holdings and IGT, both key players in the gaming industry.
- Financial Technology (FinTech) – The creation of a new enterprise combining gaming and financial technology underscores the relevance of the FinTech industry in the transaction.
- Private Equity – Apollo Funds, a private equity entity, is the acquiring firm, making private equity a key industry in this transaction.
Financials
- $6.3 Billion – The total value of the acquisition transaction between Apollo and Everi Holdings.
- $4.3 Billion – Loan and bond offering amount used to finance the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Everi Holdings Inc. | Target company | Company | A company involved in gaming, digital, and financial technology solutions. |
| Apollo Global Management Inc. | Bidding company | Company | A private equity fund managing affiliate made the acquisition. |
| Pillsbury Winthrop Shaw Pittman LLP | Legal advisor | Company | Legal firm advising Everi Holdings on the acquisition. |
| International Game Technology PLC (IGT) | Other Company | Company | Involved in the creation of the new integrated enterprise with Everi. |
| Deutsche Bank | Lead left arranger | Company | Led the arrangement of the loan and bond offering for financing. |
| Macquarie Capital, Goldman Sachs, Wells Fargo, Barclays, BNP Paribas, Truist, Santander, Scotiabank, Citi, Jefferies, Key, Standard Chartered, Crédit Agricole, Morgan Stanley, SMBC | Bookrunners | Companies | Involved in the financing process of the acquisition. |