Sidley is representing Churchill Downs Incorporated (CDI) in a definitive purchase agreement to acquire substantially all of the assets of Peninsula Pacific Entertainment LLC (P2E) for total consideration of US$2.485 billion. CDI will acquire all of P2E’s assets in Virginia, including the Colonial Downs Racetrack and Rosie’s Emporium assets, as well as the del Lago Resort & Casino in New York and the Hard Rock Hotel & Casino in Sioux City, Iowa.
The Sidley team is being led by Brian Fahrney, Brent Steele, and Jack Melamed (M&A), and includes Travis Miller and Reed M. Kreger (M&A). Other team members include Kelly Dybala (Global Finance); Johnny G. Skumpija (Capital Markets); Suresh Advani and Katharine A. Funkhouser (Tax); Elizabeth K. McCloy and Ankur Gupta (Real Estate); Mary C. Niehaus (Employee Benefits and Executive Compensation); Heather Palmer (Environmental); and Stephen M. Fronk (Technology and Life Sciences Transactions).