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.
Mr. Mazza further noted that Sisal is in a position that is ideal secure growth in various areas and they are looking forward to guide its group in consolidating the organization’s ‘leadership in the payments area,’ to carry on developing its online gambling platform, also to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great acquisition.’ The executive further noted that his company has become in a period of growth and has now been enjoying results that are excellent some time now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal should be able to exploit its potential up to a extent that is full thus becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific Online System Corporation
Operator and provider of solutions for the worldwide gambling industry INTRALOT announced that it has extended its existing partnership with Pacific on line System Corporation, a general public company running the Philippines Charity Sweepstakes Office games. The new agreement is legitimate through August 31, 2018.
It has been the fifth extension associated with the current agreement between the two events since the establishment of their partnership back in 2006.
Beneath the terms of the newly signed agreement, INTRALOT would continue supplying its LOTOS on the web lottery system solution to the video gaming company. In addition, the Greek provider would additionally offer a lot more than 1,200 lottery terminals and would connect 800 more main units over the network that is points-of-sales by Pacific on line Systems Corp.
Commenting regarding the latest statement, Willy Ocier, President associated with the gaming company, said that the agreement expansion’s main goal is for the 2 companies to build on the established strong fundamentals also to offer merchants across the Philippines aided by the opportunity to take advantage of innovative video gaming technology that could assist them boost lottery sales.
Mr. Ocier further noted that INTRALOT has always been a partner that is valuable Pacific on the web Systems Corp.’s endeavor to modernize the Philippine lottery landscape and as a result of the Greek company’s worldwide experience, they have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they’re incredibly excited by the opportunity to embark on this type of partnership that is long-term Pacific on line Systems Corp. The state also pointed out that these are typically getting excited about supporting their partners inside their seek to provide revolutionary and gaming that is proven, to optimize client experience, and to boost sales.
The other day, INTRALOT announced its growth that is new strategy. The business stated so it aims at securing sustainable EBITDA enhance, solid cashflow, and quick reduction of web debt through strategic deals and also the introduction of novel services.
Recently, the Greek business finished the merger of its operations that are italian those of other video gaming business Gamenet. INTRALOT now holds a 20% stake into the blended entity. The organization in addition has announced it would purchase a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards in the united states.