CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved into 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 quantity of €1 billion.
Sisal ended up being launched in 1946 and has now ever since then been supplying numerous gambling choices and re payment solutions for gambling customers. Additionally it is interesting to see that the Milan-based business has end up being the to begin its type to operate in Italy as being a Government Licensee. Sisal currently manages a lot more than 45,000 points of purchase located all around the nation.
Although CVC Capital Partners has substantial previous expertise in the gambling industry, the personal equity firm has not had presence in the Italian gambling market to date. The company is well known for previously investing in 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. Of late, it had been announced that the equity that is private would additionally purchase German operator Tipico.
Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out as one of the market leaders in Italy and has been offering diverse entertainment options across the country that they are pleased with the opportunity to work with and invest in Sisal as the Italian company has long ago established itself.Continue Reading..