This extraction is sourced from PlayAGS's 8-K press release exhibit (Exhibit 99.1) filed with the SEC on June 30, 2025, announcing deal completion.
On the buy side, Jefferies LLC served as lead financial advisor to Brightstar, with Barclays and Citizens JMP Securities serving as additional financial advisors to Brightstar. On the sell side, Macquarie Capital served as financial advisor to AGS.
Legal counsel included Cooley LLP for AGS, and Kirkland & Ellis LLP together with Brownstein Hyatt Farber Schreck for Brightstar.
The deal was a straightforward all-cash take-private transaction at $12.50 per AGS share. Over the three years preceding the deal, AGS had more than doubled its global slot unit sales to over 6,100 units, grown online real-money gaming content revenue by over 150%, and increased Table Products revenue by more than 50%, producing three consecutive years of record revenue. AGS CEO David Lopez and Brightstar founder/CEO Andrew Weinberg both framed the deal as positioning AGS to expand into new markets with Brightstar's operational support.
The press release does not disclose the specific advisory fees paid to Barclays, Jefferies, Citizens JMP, or Macquarie Capital, nor does it specify the debt versus equity composition of Brightstar's financing for the $1.1 billion purchase price.