CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved in to the world of gambling through another strategic purchase. The equity that is private 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 had been started in 1946 and has now since then been supplying gambling that is numerous and payment solutions for gambling clients. It’s also interesting to see that the Milan-based company has become the first of its sort to run in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of sale located throughout 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 famous for previously purchasing major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Most recently, it had been announced that the private equity company would additionally purchase German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team 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.