CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced that it has further delved to the world of gambling through another acquisition that is strategic. The personal equity company 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 was created in 1946 and has now ever since then been supplying numerous gambling choices and re payment solutions for gambling clients. It is also interesting to notice that the Milan-based company has end up being the first of its sort to operate in Italy as being a Government Licensee. Sisal currently manages significantly more than 45,000 points of purchase found all over the country.

Although CVC Capital Partners has substantial previous expertise in the gambling industry, the personal equity firm have not had existence in the Italian gambling market thus far. The business is famous for formerly purchasing major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it was established 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 team 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 “CVC Capital Partners Acquires Sisal for €1 Billion”