NOVA Gaming, LLC


Closed Transaction - Gaming Technology


“McColl Partners executed a highly professional and disciplined transaction process and structured a very successful deal with Angelo Gordon and BJR Capital Corp. McColl Partners’ persistence, innovative approach, and remarkable effort were vital to achieving a successful result.”

Michael Fletcher
Chief Executive Officer
NOVA Gaming, LLC


“NOVA’s strong management team, culture of innovation, and excellent reputation have resulted in significant profitability and an established market niche. In partnership with Angelo Gordon and BJR Capital Corp., we anticipate that NOVA will continue its robust growth.”

David Vorhoff
Managing Director
McColl Partners, LLC

 

Deal Summary

McColl Partners, LLC served as exclusive financial advisor to Johnson Management, LLC and management of NOVA Gaming, LLC (“NOVA Gaming” or the “Company”), a
leading developer and manufacturer of casino gaming systems, in its sale to Angelo, Gordon & Co. (“Angelo Gordon”) and BJR Capital Corp. David Vorhoff, Jamie Lewin, Colby Schwartz, and Matthew Handorf handled McColl Partners’ execution of the transaction. Moore & Van Allen, PLLC served as legal counsel to Johnson Management, LLC and NOVA Gaming.

About NOVA Gaming, LLC
NOVA Gaming is a leading developer and manufacturer of high-speed, interactive, server-based gaming systems primarily provided to casinos owned and operated by Native American casinos. Headquartered in Greenville, South Carolina, the Company operates gaming terminals throughout seven states. NOVA Gaming possesses innovative gaming content, provides industry leading customer service, and enjoys a consistent and predictable revenue stream. The Company continues to be committed to the development and distribution of gaming machines across the United States.

About Angelo, Gordon & Co.
Angelo, Gordon & Co. is a New York-based investment advisor that manages over
$10 billion in alternative class investments. With approximately $800 million in existing investments and committed capital, Angelo Gordon’s private equity group is dedicated to partnering with world-class management teams. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Angelo Gordon have a long and successful history of investing with management partners across a wide range of industries and transaction types, including management buyouts, recapitalizations, and distressed situations.

About BJR Capital Corp.
BJR Capital Corp. is a New York-based firm specializing in sponsoring acquisitions
and recapitalizations of middle-market companies in partnership with management.
BJR Capital Corp. seeks opportunities to acquire companies that have strong prospects for long-term growth and are led by exceptional management teams. BJR Capital Corp. was founded by Brian J. Richmand, a 20-year veteran of the private equity industry. Prior to forming BJR Capital Corp., Mr. Richmand was a partner at Chase Capital Partners, where he focused on private equity investments in manufacturing, publishing, retailing, and distribution.

About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

To learn more about our experience in the gaming industry, please contact
David Vorhoff, Jamie Lewin, or Brian Davis at 704-333-0525. More information about McColl Partners can be found at www.mccollpartners.com.

 
   
 
   
 
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