CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved into 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 quantity of €1 billion.
Sisal was started in 1946 and has now ever since then been supplying numerous gambling choices and payment solutions for gambling clients. Additionally it is interesting to notice that the Milan-based company has become the to begin its type to operate in Italy as being a Government Licensee. Sisal presently manages more than 45,000 points of purchase situated throughout the nation.
Although CVC Capital Partners has substantial past experience in the gambling industry, the personal equity firm have not had presence in the Italian gambling market so far. The company is famous for previously buying major gambling that is UK-based William Hill. What's more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Most recently, 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 revealed that they're satisfied with the opportunity to work with and spend in Sisal due to the fact Italian business has way back when founded itself as one of the market leaders in Italy and contains been providing diverse activity choices in the united states.