CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved to the world of gambling through another acquisition that is strategic. The personal equity firm revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal had been founded in 1946 and has now since then been providing numerous gambling choices and payment solutions for gambling clients. It’s also interesting to note that the Milan-based business has get to be the to begin its kind to run in Italy being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase 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 previously purchasing major gambling that is UK-based William Hill. What’s more, in March 2015, CVC Capital Partners acquired a majority stake an additional UK-based gambling company Sky Betting & Gaming. Most recently, it had been established that the personal equity company would also buy German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team revealed that they’re pleased with the chance to assist and invest in Sisal because the Italian company has long ago established itself among the market leaders in Italy and contains been offering diverse entertainment options around the world. (más…)