Las Vegas, NV (PRWEB) June 22, 2015
Holland & Hart LLP represented Global Leveraged Capital (GLC) in the successful acquisition of VKGS LLC (dba Video King®) and its affiliated entities. The acquisition of Video King, which closed on June 4, expanded GLC’s gaming interests into bingo operations.
GLC is a private investment and advisory firm with a range of North American holdings in the gaming industry. Video King is North America’s largest provider of electronic gaming devices and systems, game designs, and bingo hall equipment. Video King’s customers include charitable organizations, Native American casinos, luxury cruise liners, and commercial and military establishments around the world.
GLC was represented throughout the nearly year-long transaction by a team of attorneys from Holland & Hart led by partner David Garcia, together with partner Douglas Flowers, of counsel James Crowe and associate Patty Pogge. Subject matter expertise and support were provided by Adam Cohen, Scott Scherer, Lindsay Silber, and John Ludlum, among others.
Holland & Hart’s Corporate attorneys have significant experience representing investors and businesses of all sizes. Whether they are start-ups or Fortune 500 companies, closely held or publicly traded, they navigate the complex regulatory, commercial, financial, and governance matters that are critical to the success of their enterprises. Throughout the firm’s network of offices, it has lawyers with the knowledge, experience, and local contacts necessary to handle virtually any type and size of transaction.
GLC Investment Advisors LLC (Advisors) is the investment arm of GLC and has approximately $500 million of assets under management. Advisors focuses primarily on the middle market and invests debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations, and growth financings. Advisors is also the lead principal investor in distressed companies, where it utilizes its capital to play an active role in the restructuring process. Its Managing General Partners have over 80 combined years of experience in leveraged finance, merchant banking, restructuring, and asset management with firms such as UBS Investment Bank, BNP Paribas, Donaldson Lufkin and Jenrette, Bankers Trust, Chase, and Merrill Lynch. Since 1986, the principals of GLC have underwritten as Lead Arranger over $30 billion of debt in leveraged transactions; invested approximately $1.0 billion of debt, private equity and distressed capital; served as an observer or member of the Board of Directors for over 50 companies; advised companies and creditors on restructuring debt assets in excess of $320 billion in over 190 transactions; and managed credit opportunity and CDO funds in excess of $2 billion.
About Holland & Hart
Holland & Hart LLP delivers integrated legal solutions to regional, national, and international clients of all sizes. Since its inception in 1947, Holland & Hart’s approximately 500 lawyers have consistently been recognized by leading national and international peer and industry review organizations for innovation and dedication to the practice of law. For more information, visit http://www.hollandhart.com.