CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved into 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 founded in 1946 and contains ever since then been providing many gambling choices and re payment solutions for gambling clients. It is also interesting to notice that the Milan-based company has get to be the first of its kind to operate in Italy as 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 organization is well known for previously investing in major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Most recently, it had been established that the equity that is private would additionally purchase German operator Tipico.
Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out that they are pleased with the opportunity to assist and invest in Sisal due to the fact Italian company has long ago established itself among the market leaders in Italy and contains been providing diverse activity options in the united states. Continue reading CVC Capital Partners Acquires Sisal for €1 Billion