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.
Mr. Mazza further noted that Sisal is within an position that is ideal secure growth in different areas and they searching for ahead to guide its group in consolidating the organization’s ‘leadership within the re payments space,’ to keep developing its online gambling platform, and also to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great purchase.’ The executive further noted that his company is currently in a period of growth and has now been enjoying positive results for some time now. Mr. Petrone added that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential to a full degree, hence becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific On The Web System Corporation
Operator and provider of solutions for the worldwide gambling industry INTRALOT announced that it has extended its existing partnership with Pacific on the web System Corporation, a general public company operating the Philippines Charity Sweepstakes workplace games. The agreement that is new legitimate through August 31, 2018.
It has been the fifth expansion of this contract that is existing the 2 events because the establishment of their partnership back in 2006.
Under the regards to the newly finalized agreement, INTRALOT would continue supplying its LOTOS on the web lottery system means to fix the video gaming company. In addition, the Greek supplier would additionally offer a lot more than 1,200 lottery terminals and would link 800 more primary units throughout the network that is points-of-sales by Pacific on the web Systems Corp.
Commenting on the announcement that is latest, Willy Ocier, President for the video gaming organization, said that the contract expansion’s main goal is for the two companies to build regarding the established strong foundations and also to offer retailers throughout the Philippines with all the chance to make the most of innovative video gaming technology that would help them boost lottery sales.
Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on the web Systems Corp.’s endeavor to modernize the Philippine lottery landscape and as a result of the Greek organization’s global experience, they will have manged to help expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they are exceptionally excited by the opportunity to embark on this type of partnership that is long-term Pacific on the web Systems Corp. The official also pointed out that they’ve been looking forward to supporting their lovers within their seek to provide innovative and proven video gaming solutions, to optimize consumer experience, and to boost product sales.
Last week, INTRALOT announced its new development strategy. The business stated so it aims at securing sustainable EBITDA increase, solid income, and quick reduction of net debt through strategic transactions plus the introduction of novel products.
Recently, the Greek company completed the merger of its Italian operations with those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake in the blended entity. The company in addition has announced it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.