| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Stock or Equity Purchase | |
| Acquirer | Brookfield Business Partners L.P. | |
| Public | Yes | |
| Industry | Industrials (machinery, manufacturing, construction, auto) | |
| Additional Acquirer(s) | BCP Acquisitions LLC | |
| Private equity sponsorship | No | |
| Seller | Scientific Games Corporation | |
| Public | Yes | |
| Industry | Business Services | |
| Private equity sponsorship | No | |
| Target | Lottery business owned by Scientific Games Corporation | |
| Public | No | |
| Industry | Business Services | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | October 27, 2021 | |
| Transaction value | $6.05 billion | |
| Form of consideration | Cash | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Indemnification | ||
|---|---|---|
| Indemnification deductible or basket | ||
| Basket | No | |
| Deductible | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Cravath, Swaine & Moore LLP | |
| Individual attorney(s) |
Robert I. Townsend III; O. Keith Hallam, III; Jenny Hochenberg |
|
| Acquirer Counsel | ||
| Law firm #1 | Cleary Gottlieb Steen & Hamilton LLP | |
| Individual attorney(s) |
James E. Langston; Charles W. Allen |
|
| Seller / Target Financial Advisors | ||
| Financial advisor #1 | Macquarie Capital (USA) Inc. | |
| Financial advisor #2 | Oaktower Partnership Pty Limited | |