Metric backs Win Systems' purchase of Gold Club

The deal saw the GP provide a structured credit instrument to Barcelona-based Win Systems to support the acquisition and concurrently secure an undisclosed stake in Win. According to a statement, Metric chairperson John Sinik as well as its partner Giovanni Miele will join Win Systems' board of directors following the transaction. Financial details have not been disclosed.

Mid-market buyout house Metric injected fresh capital in the business via its second vehicle, Metric Fund II, which held a final close on €465m in February 2014. The deal marked the vehicle's sixth investment, according to a statement.

Following the acquisition, the group will reach a headcount of 300 and expand its market reach across Europe, South Africa and the Americas with Gold Club continuing to operate under its own brand.

Company
Gold Club is headquartered in Sežana, Slovenia, and was founded in 1998. The company produces gaming machines, including roulettes, slot machines and table games, and claims a market presence across 50 countries.

People
Metric Capital Partners - John Sinik (managing partner); Giovanni Miele (partner).
Win Systems - Dario Zutel (chair); Eric Benchimol (CEO).

Advisers
Buyer - Deloitte (corporate finance); Greenberg Traurig (legal); Hogan Lovells International (legal); Fenech & Fenech Advocates (legal); Kavčič Bračun & Partners (legal).
Equity - Cuatrecasas, Gonçalves Pereira (legal); Grant Thornton (corporate finance).

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• Topics
• Expansion
• Consumer
• CEE
• Slovenia