CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved into the world of gambling through another strategic purchase. 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 had been created in 1946 and it has ever since then been providing numerous gambling options and payment solutions for gambling clients. It’s also interesting to note that the company that is milan-based become the first of its sort to operate in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase positioned all around the country.
Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity firm have not had existence in the Italian gambling market so far. The company is well known for previously buying major gambling that is UK-based William Hill. What’s more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Most recently, it was established that the private equity company would also buy German operator Tipico.
Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they are happy with the opportunity to use and invest in Sisal due to the fact Italian business has way back when established itself as one of the market leaders in Italy and it has been offering diverse entertainment choices in the united states. Continue reading “CVC Capital Partners Acquires Sisal for €1 Billion”