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Mr. Green At The Borgata With The Wrench

By Chuckmonster on Tuesday, 19th October 2010 3:25pm
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Bloomberg is reporting that Leonard Green & Partners, L.P. a Los Angeles Based private equity firm that manages $9B in equity capital are the mystery bidder for MGM Resorts International's 50% of Borgata.

Leonard Green & Partners current investments include The Container Store, Del Taco, Equinox, Meiman Marcus, Petco, RiteAid, Sports Authority, Tourneau and Whole (Paycheck) Foods.

Boyd Gaming, owner of the other 50% of Borgata has the right of first refusal for any offers. We fully expect Boyd to buy the other half.

There is nothing to see here, move along.

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