OpenGate Capital has completed its acquisition of distributor Player One Amusement Group from Canadian entertainment company Cineplex.
OpenGate acquired all the issued and outstanding common shared of P1AG, with the transaction valuing the company at CA$155m (US$107m).
As part of the transaction, OpenGate says it will make strategic investments in the company’s people, infrastructure, deployable assets and systems to allow P1AG to grow.
OpenGate Capital’s founder and managing partner, Andrew Nikou, said: “The acquisition of Player One underscores our experience and expertise with corporate carve-outs. We look forward to partnering with the team at Player One as the business embarks on its next chapter of growth.”
