PlayAGS Acquired by Brightstar for $1.1 Billion
Deal News | Jun 30, 2025 | Globenewswire
Brightstar Capital Partners, a private equity firm with a focus on business services, industrials, consumer, and technology companies, has finalized the acquisition of PlayAGS, a global gaming supplier of slot, table, and interactive products, for approximately $1.1 billion. Following the approval from AGS stockholders and regulatory bodies, AGS has transitioned to a privately held company. The purchase price of $12.50 per share reflects AGS's recent growth in global slot sales, online gaming content revenue, and table product sales. The partnership with Brightstar is seen as a strategic move to capitalize further on AGS's innovative offerings in gaming and expand its market reach. Financial and legal advisors played crucial roles in facilitating the transaction, which aims to leverage Brightstar's expertise to continue AGS's growth trajectory.
Sectors
- Private Equity
- Gaming and Casinos
- Financial Services
Geography
- United States – Both Brightstar Capital Partners and PlayAGS are based in the U.S., and the NYSE is the exchange from which AGS was delisted.
Industry
- Private Equity – This industry is relevant as Brightstar Capital Partners, a private equity firm, is the acquiring party in the transaction.
- Gaming and Casinos – AGS is a supplier in the gaming industry, providing slot machines, table games, and online gaming products.
- Financial Services – Financial and legal advisors were involved in the transaction, highlighting the financial services industry's role.
Financials
- $1.1 Billion – The total transaction value for the acquisition of PlayAGS by Brightstar.
- $12.50 per share – The cash price per share offered to AGS stockholders in the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brightstar Capital Partners | Bidding Company | Company | A middle market private equity firm with significant assets under management, involved in the acquisition of AGS. |
| PlayAGS, Inc. | Target Company | Company | A global gaming supplier providing a wide array of slot, table, and interactive gaming products. |
| David Lopez | CEO & President | Person | Current CEO and President of AGS, overseeing the transition under Brightstar's acquisition. |
| Andrew Weinberg | Founder, CEO & Co-Chair | Person | CEO of Brightstar Capital Partners, involved in the strategic direction of the AGS acquisition. |
| Macquarie Capital | Financial Advisor to AGS | Company | Provided financial advisory services to AGS for the acquisition. |
| Cooley LLP | Legal Counsel to AGS | Company | Provided legal advisory services to AGS for the acquisition. |
| Jefferies LLC | Lead Financial Advisor to Brightstar | Company | Served as the primary financial advisor to Brightstar in the AGS acquisition. |
| Barclays | Financial Advisor to Brightstar | Company | Served as one of the financial advisors to Brightstar in the deal. |
| Citizens JMP Securities | Financial Advisor to Brightstar | Company | Another financial advisor assisting Brightstar in the acquisition. |
| Kirkland & Ellis LLP | Legal Counsel to Brightstar | Company | Provided legal counsel to Brightstar for the acquisition. |
| Brownstein Hyatt Farber Schreck | Legal Counsel to Brightstar | Company | Assisted Brightstar with legal advisory services for the transaction. |