CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced 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 re payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal ended up being started in 1946 and has now since that time been providing many gambling choices and payment solutions for gambling customers. Additionally it is interesting to see that the Milan-based company has become the first of its type to operate 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 gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake an additional gambling that is UK-based Sky Betting & Gaming. Of late, it absolutely was established that the equity that is private would additionally purchase German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they’re satisfied with the opportunity to use and invest in Sisal once the Italian business has way back when founded itself among the market leaders in Italy and has now been providing diverse activity options across the country. Continue reading “CVC Capital Partners Acquires Sisal for €1 Billion”