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CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved to the world of gambling through another acquisition that is strategic. The personal equity company revealed the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal ended up being launched in 1946 and it has since then been providing gambling that is numerous and re payment solutions for gambling clients. Additionally it is interesting to notice that the company that is milan-based end up being the first of its kind to run in Italy as being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase situated all around the country.
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 previously purchasing major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Of late, it had been established that the equity that is private would also buy German operator Tipico.
Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group described 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.