Cleary Gottlieb is representing Silver Point Capital in connection with the sale of Affinity Gaming, a diversified casino gambling company headquartered in Las Vegas, to affiliates of Z Capital Partners.
Silver Point, as the holder of 27 percent of Affinity’s outstanding common stock, is Affinity’s second-largest stockholder after Z Capital. The all-cash transaction, which was announced on August 22, 2016, and is expected to close in the first quarter of 2017, values Affinity at approximately $580 million.