07:41 AM EDT, 10/16/2025 (MT Newswires) -- Clairvest Group Inc. ( CVTGF ) announced Thursday 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 US$546 million in cash, subject to customary purchase price adjustments.

A statement noted that CVG, funds managed by it, and co-investors are expected to invest approximately US$165 million in equity in connection with the transaction. It said 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 ( CVTGF ) 17th investment in the gaming sector, it added

Thursday's statement noted Northfield Park is a regional racino in Northfield, Ohio, principally serving the Cleveland and Akron populations. 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.