Clairvest completes $95 mln sale of Casino New Brunswick
Canadian private equity firm Clairvest Group has completed the previously-announced sale of Casino New Brunswick to Great Canadian Gaming Corp. The deal, which had a total value of $95 million, provided Clairvest with about $57 million in proceeds. Based in Moncton, Casino New Brunswick is a casino, hotel and multi-use entertainment and convention centre. Clairvest invested in the business in 2008 as part of a group that won an open government request for a proposal to build and operate the first and only casino complex in the province. Casino New Brunswick now generates annual gaming revenues in excess of $50 million, Clairvest said.
2 October 2015•2 mins read
