Clairvest sees 14x investment from $1.7 bln sale of Centaur
Caesars Entertainment Corp (Nasdaq: CZR) has closed its buy of Centaur Holdings LLC, an Indianapolis, Indiana owner and operator of the Hoosier Park Racing and Casino and the Indiana Grand Racing and Casino. The deal, announced last year, reflected a purchase price of US$1.7 billion. It provided exits to Canadian private equity firm Clairvest Group and Canadian hedge fund manager West Face Capital, which jointly invested in 2010. Clairvest said Clairvest Equity Partners IV received sale proceeds of about US$415 million at closing and is entitled to US$22 million in deferred consideration. This represents a more than 14x multiple on the fund's investment (C$).
17 July 2018•3 mins read
