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New Deal


Announced

Completed

Hard Rock and GEK TERNA formed a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Hotels and Motels

Joint Venture

Majority

Greece

resort and casino

Private

Friendly

Acquisition

Cross Border

Completed

Synopsis

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Hard Rock, a chain of theme bar-restaurants, memorabilia shops, casinos and museums, and GEK TERNA, a Greek conglomerate, formed a joint venture, Hard Rock Hotel & Casino Athens. Financial terms were not disclosed. “We are thrilled to announce the partnership with GEK TERNA Group and further expand Hard Rock’s reach across the globe in the great City of Athens. This development will bring over 3k permanent jobs to the people of Greece and we look forward to bring our unique brand of entertainment and provide an unparalleled experience for guests of all ages,” Jim Allen, Hard Rock Chairman.

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