CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved in to the world of gambling through another acquisition that is strategic. The private equity firm unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal was started in 1946 and it has ever since then been supplying numerous gambling choices and re payment solutions for gambling customers. Additionally it is interesting to notice that the company that is milan-based end up being the first of its sort to run in Italy being a Government Licensee. Sisal presently manages significantly more than 45,000 points of sale found all over 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 company is well known for previously investing in major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake an additional UK-based gambling company Sky Betting & Gaming. Lately, it was announced 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 team revealed that they’re satisfied with the opportunity to work with and spend in Sisal as the Italian company has long ago founded itself as one of the market leaders in Italy and it has been offering diverse entertainment choices across the country. Read more