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 ended up being created in 1946 and contains subsequently been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to notice that the company that is milan-based end up being the to begin its sort to run in Italy as a Government Licensee. Sisal presently manages significantly more than 45,000 points of sale positioned throughout the nation.

Although CVC Capital Partners has substantial previous expertise in the gambling industry, the private equity company has not had existence into the Italian gambling market to date. The organization is famous for formerly buying major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it absolutely was established that the equity that is private would additionally buy German operator Tipico.

Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out as one of the market leaders in Italy and has been offering diverse entertainment options across the country that they are pleased with the opportunity to work with and invest in Sisal as the Italian company has long ago established itself. [Read more…]