Callidus to sell Bluberi Gaming Canada to Catalyst Capital
Callidus Capital Corp (TSX: CBL) has agreed to sell Bluberi Gaming Canada Inc, a Drummondville, Québec-based casino games developer, to Canadian private equity firm Catalyst Capital Group. The deal would see Catalyst acquire Callidus-owned shares and assume debt owing by Bluberi to Callidus. The purchase price for the shares is $92.7 million and for the debt is the amount of that debt outstanding at closing. Shareholders will vote on the transaction on July 2. Founded in 1994, Bluberi designs casino games installed in electronic gaming machines. Callidus, a Toronto-based specialty lender owned by Catalyst, acquired the company in 2017.
5 June 2019•5 mins read
