Grand Soleil-Natchez, LLC.
A Mississippi hotel and approved casino site overlooking the Mississippi River.
There were already several casinos operating in the nearby area, and more that were currently under construction. This, combined with the challenge of the new buyer not being guaranteed the final permits to move forward with the casino construction, made this opportunity challenging to market.
Equity Partners was retained to find an investor or buyer and launched an international marketing effort receiving interest in the opportunity from multiple parties that intended to acquire the assets.
Even under these challenging circumstances and tight time schedule frame, Equity Partners brought three qualified bidders to the table, which competed intensely for the assets. Ultimately, the court approved the sale with both a winning bidder and a backup bidder. The sale closed shortly afterwards.