Clairvest, West Face-owned Centaur to be sold for $1.7 bln
Caesars Entertainment Corp (Nasdaq: CZR) has agreed to acquire Centaur Holdings LLC, an Indianapolis, Indiana owner and operator of the Hoosier Park Racing and Casino and the Indiana Grand Racing and Casino. In a separate release, Caesars said it will buy Centaur for US$1.7 billion in cash. The deal, expected to close in the first half of 2018, will provide exits to Canadian private equity firm Clairvest Group and Canadian hedge fund manager West Face Capital, which invested jointly in 2010. Centaur was restructured, with Clairvest and West Face holding a controlling interest. Today, more than 6.5 million people visit the company's properties each year.
16 November 2017•3 mins read
