Pillsbury Advises Everi Holdings Inc. in Final Closing of $6.3 Billion Acquisition by Apollo

Prior to the closing, the firm also represented Everi in the $4.3 billion loan and bond offering to finance Apollo’s acquisition. Deutsche Bank served as the lead left arranger and Macquarie Capital, Goldman Sachs, Wells Fargo, Barclays, BNP Paribas, Truist, Santander, Scotiabank, Citi, Jefferies, Key, Standard Chartered, Crédit Agricole, Morgan Stanley and SMBC served as bookrunners. Corporate partner Lexi Calcado and Bank & Leveraged Finance partner Joseph Fastiggi, in addition to Salaman and Simon-Rooke, advised Everi on the financing.

The all-cash transaction, valued at approximately $6.3 billion, unites complementary businesses to create a privately held global leader in gaming, digital and financial technology solutions.

In the coming months, the two companies will be integrated into a single enterprise headquartered in Las Vegas. The combined entity will operate under the IGT name, while the Everi brand will be retained in select markets and product categories. The new organization will be structured into three core business units—Gaming, Digital and FinTech—fostering a customer-centric approach supported by a people-first culture that emphasizes talent, collaboration and innovation.

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In addition to Salaman and Simon-Rooke, the Pillsbury deal team that have supported each phase of Everi’s acquisition by Apollo include Bank & Leveraged Finance partner Joseph Fastiggi; Executive Compensation & Benefits partners Laura McDaniels, Mark Jones and Colleen Lamarre and associate Jennifer Wong; Capital Markets partner Davina Kaile; Tax partners Nora Burke and Julie Divola; Corporate partners Lillian Kim, Nick Burgess and Lexi Calcado, senior counsel Nathaniel Cartmell, counsel Brandon Eckford and Christian Holbrook, special counsel Danielle de Zorzi, senior associate Alexandra Stephanos and associates Kristin Garr, Daniela Guerra, Alyssa Jatnieks, Grace Lee and Kate Chan; Finance partner Philip Tendler; Global Sourcing & Technology Transactions partner Mario Dottori and associates Gabby Torres and Gabby Regard; Technology Transactions partner Steven Farmer; Antitrust & Competition partner Michael Sibarium; Litigation partner Alex Lathrop, attorney Evan Storm and counsel Michael Warley; Securities Litigation & Enforcement partner Bruce Ericson; Real Estate partner William Waller and associate David Wright; Intellectual Property partner David Jakopin and special counsel Paul Thomas; Cybersecurity, Data Protection & Privacy senior counsel Catherine Meyer, counsel Scott Morton and senior associate Mark Booth; International Trade partner Matthew Rabinowitz, counsel Zachary Rozen, senior associate Iris Karaman and associate Arielle Heffez; and Employment Law special counsel Andrea Milano.