Apollo Funds Acquire IGT Gaming and Everi for $6.3 Billion

Paul, Weiss advised a newly formed holding company owned by funds managed by affiliates of Apollo on its all-cash, $6.3 billion acquisitions of International Game Technology PLC’s Gaming & Digital Business, and Everi Holdings.

The transaction brings together complementary businesses to form a privately held global leader in gaming, digital and financial technology solutions. The two companies will be integrated into a combined enterprise in the coming months. The combined enterprise will be headquartered in Las Vegas and operate under the IGT name while retaining the Everi brand in select markets and product lines. Everi has been delisted from the New York Stock Exchange and International Game Technology PLC is now doing business as Brightstar Lottery.

The Paul, Weiss team was led by, among others, corporate partners Ross Fieldston and Ian Hazlett, and includes partners Gregory Ezring, Danielle Penhall, Mark Wlazlo, Brian Janson, Christodoulos Kaoutzanis, Matthew Goldstein, Manuel Frey, David Hong, Tony Rim and Patricia Vaz de Almeida, of counsel David Lakhdhir and counsel Lisa Koff, James Parkinson, Ashley Hearn, Zuzanna Knypinski, Jeremy Larkins, Nathan Mitchell and David Sobel; executive compensation partner Rebecca Coccaro; tax partners Brad Okun, Sohail Itani, Cian O’Connor and Timothy Lowe, and counsel Jamie Chambers; intellectual property partner Claudine Meredith-Goujon; antitrust partners Annie Herdman and Ross Ferguson, and counsel Charles Crandall, John Magruder and Chad de Souza; real estate partner Peter Fisch; and litigation partners Gregory Laufer, John Carlin and Andrew Ehrlich, and counsel Darren Johnson, Pietro Signoracci and Lisa Danzig.