Blackstone Planning IPO for Spanish Casino Giant Cirsa
The New York-based asset management and investment firm acquired Cirsa in April 2018 for an undisclosed sum, but the casino operator’s asking price was said to be between $2.4 billion and $3 billion. A bidding war ensued between several private equity giants including former Caesars owner Apollo Global Management and Cerberus Management. Cirsa presently controls 24 percent of the gaming industry in Spain. The company additionally owns 160 casinos or gaming venues in Mexico, the Caribbean, and South America.
Tags : INTERNATIONAL