CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in to the world of gambling through another strategic acquisition. The personal equity company unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal was started in 1946 and has since that time been supplying gambling that is numerous and re payment solutions for gambling clients. Additionally it is interesting to see that the Milan-based company has end up being the first of its kind to run in Italy being a Government Licensee. Sisal presently manages more than 45,000 points of purchase located throughout 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 business is well known for previously buying major UK-based gambling operator William Hill. What’s more, in March 2015, CVC Capital Partners acquired a majority stake an additional gambling that is UK-based Sky Betting & Gaming. Lately, it had been established that the personal equity firm would also purchase German operator Tipico.
Commenting in the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they are happy with the opportunity to use and spend in Sisal because the Italian business has long ago established itself as one of the market leaders in Italy and has been offering diverse activity choices around the world. Continue reading