CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved into the world of gambling through another strategic purchase. The equity that is private unveiled the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal was launched in 1946 and has subsequently been supplying gambling that is numerous and payment solutions for gambling clients. Additionally it is interesting to see that the company that is milan-based get to be the to begin its sort to operate in Italy being a Government Licensee. Sisal presently 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 company 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 had been established that the equity that is private would additionally buy German operator Tipico.
Commenting on 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. Continue reading “CVC Capital Partners Acquires Sisal for €1 Billion”