CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved to the world of gambling through another strategic purchase. The private equity firm unveiled the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal ended up being established in 1946 and has since then been providing gambling that is numerous and payment solutions for gambling clients. Additionally it is interesting to note that the Milan-based business has end up being the first of its kind to operate in Italy being a Government Licensee. Sisal currently manages significantly more than 45,000 points of purchase found all around 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 business is well known for previously investing in major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake an additional gambling that is UK-based Sky Betting & Gaming. Of late, it was announced that the personal equity firm would also buy German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed 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”