TSL888 Investments Inc. agrees to acquire Iplayco in all-cash deal
5.11 Million CAD
On October 31, 2019, Iplayco Corporation Limited announced that it had entered into an agreement to be acquired by TSL888 Investments, Inc. Under the terms of the Agreement, TSL will acquire all of the outstanding common shares of Iplayco for C$0.50 per share. Upon completion of this all-cash transaction, Iplayco will become a wholly owned subsidiary of TSL.
In connection with the arrangement, TSL has agreed to provide Iplayco with a six-year term loan in the amount of US$2 million.
Iplayco is a leading manufacturer of indoor playgrounds for children.
TSL888 Investments Inc. is affiliated with LTS Pinnacle Holdings, Inc. a prominent family-owned retail and real estate conglomerate based in the Philippines that owns and operates shopping malls, supermarkets, and other retail spaces.
McCarthy Tétrault is advising TSL888 with a team led by Robin Mahood that includes Bosa Kosoric, Glynnis Morgan and Thomas Fung.