Apollo, Carlyle circle International Game Technology

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double downLas Vegas slot machine maker International Game Technology (IGT) has reportedly drawn buyout interest from private equity firms Apollo Global Management and Carlyle.

Lottery operator GTECH and MacAndrews & Forbes Holdings are also interested in the company, said Reuters, citing people familiar with the matter.

The firms are expected to submit binding offers for IGT, which currently has a market cap of nearly $4bn, in the next few weeks, said the sources.

IGT has hired Morgan Stanley to help find a buyer.

The company had debts of $2.2bn at the end of March, which means that the deal could be worth nearly $6bn, said the report.

Earlier this year, Apollo closed its latest flagship fund on $17.5bn, making it the biggest vehicle raised since the financial crisis.

Fund VIII is focused on distressed investments, corporate carve-outs and opportunistic buyouts.

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