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 revealed the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal had been founded in 1946 and has now since that time been supplying many gambling choices and payment solutions for gambling clients. Additionally it is interesting to see that the company that is milan-based get to be the first of its kind to run in Italy as a Government Licensee. Sisal presently manages more than 45,000 points of sale positioned all over 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 formerly purchasing major gambling that is UK-based 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 private equity firm would also purchase German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they’re happy with the opportunity to use and invest in Sisal due to the fact Italian business has way back when founded itself among the market leaders in Italy and it has been providing diverse activity options around the world. Читать новость далее