CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved in to the world of gambling through another acquisition that is strategic. The personal equity company unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal ended up being created in 1946 and it has since then been providing gambling that is numerous and re payment solutions for gambling clients. Additionally it is interesting to see that the Milan-based business has get to be the first of its sort to run in Italy as being a Government Licensee. Sisal currently manages more than 45,000 points of sale positioned all around the nation.
The private equity firm has not had presence in the Italian gambling market so far although CVC Capital Partners has substantial previous experience in the gambling industry. The company is well 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 an additional UK-based gambling company Sky Betting & Gaming. Of late, it was established that the equity that is private would also purchase German operator Tipico.
Commenting in the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group described that they’re happy with the chance to use and spend in Sisal because the Italian business has long ago established itself among the market leaders in Italy and contains been providing diverse activity choices around the world. […]