CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved to the world of gambling through another strategic purchase. The equity that is private unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal had been founded in 1946 and contains subsequently been supplying many gambling choices and re payment solutions for gambling clients. It is also interesting to note that the company that is milan-based end up being the first of its kind to operate in Italy as a Government Licensee. Sisal currently manages significantly more than 45,000 points of purchase positioned all around the nation.
Although CVC Capital Partners has substantial past experience in the gambling industry, the personal equity company has not had existence into the Italian gambling market so far. The business is well known for previously purchasing 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. Most recently, it absolutely was established that the equity that is private would additionally buy German operator Tipico.
Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re pleased with the opportunity to work with and invest in Sisal while the Italian company has way back when founded itself as one of the market leaders in Italy and has been providing diverse entertainment options across the country. Read more “CVC Capital Partners Acquires Sisal for €1 Billion”