Clairvest agrees to acquire MGM Northfield Park for $546M in cash

Clairvest Group, announced that it, together with Clairvest Equity Partners VII, has entered into an agreement to acquire the operations of MGM Northfield Park from MGM Resorts International (MGM) for $546M in cash, subject to customary purchase price adjustments. CVG, funds managed by it, and co-investors are expected to invest approximately $165M in equity in connection with the transaction. CVG’s direct exposure is expected to represent between 4% and 5% of book value based on current estimates. This transaction would represent Clairvest’s 17th investment in the gaming sector. The closing of the transaction is subject to the receipt of Ohio gaming and racing regulatory approvals, anti-trust clearance and other customary closing conditions. The parties expect closing to occur in the first half of 2026.