CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in to the world of gambling through another acquisition that is strategic. 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 launched in 1946 and contains ever since then been supplying gambling that is numerous and re payment solutions for gambling clients. Additionally it is interesting to notice that the company that is milan-based end up being the to begin its sort to operate in Italy being a Government Licensee. Sisal currently manages more than 45,000 points of sale found throughout the country.
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 business is well known for previously investing in major UK-based gambling operator William Hill. What’s more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Of late, it had been established that the equity that is private would also purchase German operator Tipico.
Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed 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. Continue reading CVC Capital Partners Acquires Sisal for €1 Billion