CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in to the world of gambling through another strategic purchase. The equity that is private revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal was established in 1946 and it has subsequently been providing gambling that is numerous and re payment solutions for gambling clients. It is also interesting to notice that the Milan-based company has end up being the first of its sort to operate in Italy being a Government Licensee. Sisal currently manages a lot more than 45,000 points of sale positioned throughout the nation.
Although CVC Capital Partners has substantial previous experience in the gambling industry, the personal equity firm has not had existence in the Italian gambling market to date. The organization is known for previously investing in major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Of late, it was established that the equity that is private would also purchase German operator Tipico.
Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out that they’re pleased with the chance to work with and spend in Sisal because the Italian business has way back when established itself as one of the market leaders in Italy and has been providing diverse activity choices in the united states. Continue reading