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HPS Investment Partners and Apollo Global Management acquire Great Canadian Gaming Corporation for C$3.3B

Date Closed

September 22, 2021

Lead Office



3.30 Billion CAD

On September 22, 2021, an affiliate of certain funds managed by Apollo Global Management, Inc. and HPS Investment Partners, LLC completed its acquisition of Great Canadian Gaming Corporation for approximately C$3.3 billion in cash. The transaction was completed by a court-approved plan of arrangement.

Founded in 1982, Great Canadian operates 26 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick and Nova Scotia.

Apollo is a high-growth, global alternative asset manager that had approximately US$472 billion of assets under management as of June 30, 2021.

Based in New York, HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for its clients.

McCarthy Tétrault LLP advised HPS Investment Partners with a team led by Robert Richardson (M&A) that included Rami Chalabi (Private Equity), Glynnis Morgan and Cam Belsher (Gaming Regulatory), Raj Juneja (Tax), Oliver Borgers and Jonathan Bitran (Competition/Antitrust).