CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved in to the world of gambling through another strategic purchase. The private equity firm unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal ended up being established in 1946 and has since then been providing gambling that is numerous and re payment solutions for gambling customers. It’s also interesting to notice that the company that is milan-based get to be the first of its kind to run in Italy as being a Government Licensee. Sisal presently manages more than 45,000 points of purchase situated 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 organization is well known for formerly purchasing major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake an additional UK-based gambling company Sky Betting & Gaming. Of late, it was announced that the equity that is private would additionally purchase German operator Tipico.
Commenting on 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.