Deal snapshot: CLAIRVEST TO MERGE CHILEAN GAMING WITH SOUTH AMERICAN SUN DREAMS.

MANews-(C)2009-2019

Canada-based private equity firm Clairvest Group Inc. (TSX: CVG) and Clairvest Equity Partners III have entered into a memorandum of understanding (MOU) to merge Chilean Gaming Holdings with South American operator of casino properties Sun Dreams S.A., another large South American operator of casino properties, the company said.

The book net asset value of the shareholding held by Sun International in Sun Dreams as at 31 December 2018 was USD 260m. The merger ratio in respect of the proposed merger has been based on a valuation of the merged entity taking into account the applicable EBITDA's, term of licences, country factors, other assets and net debt.

Country: Chile

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