Nanoptix, a provider of printing technologies for the global gaming, lottery and kiosk industries, announced on Friday that it has closed on the sale of a controlling stake of its issued and outstanding securities to an affiliate of Salt Creek Capital, a private equity firm in Woodside, California.
Nanoptix is headquartered in Dieppe, New Brunswick, Canada.
The company’s founder and CEO, Daniel Vienneau, has sold his controlling ownership position and transitioned to an advisory role. Jacques LeBlanc, the company’s Chief Financial Officer for the past 17 years, has been promoted to CEO and will lead Nanoptix through its next phase. The company’s existing senior management team consists of Chief Operating Officer and Vice President of R&D Paul Chiasson; Vice President of Sales Bruno Roy; and Director of Operations Kellie Carty.
“Nanoptix’s sale to Salt Creek Capital exemplifies the hard work and dedication of our cohesive management team and employees over the past 29 years, who have established the company as a highly respected global supplier of printing technologies to the gaming industry,” Vienneau said in a statement. “I’m incredibly proud of the company we have built through industry-leading innovation, product performance and reliability, combined with deeply established customer relationships with both original equipment manufacturers of slot machines and other gaming devices, as well as casino operators across multiple continents.”
Innovation Capital acted as exclusive financial advisor to Nanoptix and Stewart McKelvey served as Lead Legal Counsel to Nanoptix.
“We are excited to partner with Nanoptix and support the seasoned management team as they lead the company forward,” said Salt Creek Capital Principal Gary Kurnov. “Nanoptix has demonstrated consistent growth by delivering uncompromising reliability for mission-critical transactions of operators in the casino, lottery, betting, and amusement industries. The transaction will enable Salt Creek Capital and the Nanoptix team to capitalize on the company’s solid foundation to continue expanding market share within existing verticals and take advantage of attractive, new opportunities supported by the company’s expanding product line and customer reach.”