Acquiring Company
On Nut Road
Acquired Company
Donaco International
Hong Kong SAR
AustraliaGamingHospitalityGamblingCasinoDescription
Donaco International has accepted a $55.6 million takeover offer from On Nut Road, a major shareholder. Each shareholder will receive $0.045 per share, reflecting a 54.10% premium. The move aims to provide financial certainty amidst operational challenges. Donaco's board recommends that shareholders approve the offer.
Quick answer
On Nut Road is acquiring Donaco International for $55.6 million, announced March 17, 2025. On Nut Road is based in Hong Kong SAR, China.
- How much did On Nut Road pay for Donaco International?
- The reported deal value is $55.6 million.
- What does On Nut Road do?
- On Nut Road is a special purpose vehicle managed by Argyle Street Management.
- Where are On Nut Road and Donaco International based?
- On Nut Road is based in Hong Kong SAR, China. Donaco International is based in Australia.
Source: Fundz verified event record.
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Who to call at On Nut Road, and when
When On Nut Road changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day On Nut Road raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at On Nut Road, from your own LinkedIn network
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Frequently asked
Who acquired Donaco International?
Donaco International was acquired by On Nut Road, based in Hong Kong SAR. The deal was reported on March 17, 2025. On Nut Road is a special purpose vehicle managed by Argyle Street Management. Founded in 2002, it serves as a licensed fund manager managing over US$2 billion in assets. On Nut Road is privately held.
When did On Nut Road acquire Donaco International?
On Nut Road's acquisition of Donaco International was reported on March 17, 2025. Donaco International has accepted a $55.6 million takeover offer from On Nut Road, a major shareholder. Each shareholder will receive $0.045 per share, reflecting a 54.10% premium. The move aims to provide financial certainty amidst operational challenges. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Donaco International do?
Donaco International is a casino operator with significant assets in Southeast Asia, including the Star Vegas casino in Cambodia. Established in 1999, the company provides gaming and hospitality services. It is privately held, operating in Gaming, and is based in Australia.
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