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CVC Capital Partners Acquires Sisal for €1 Billion

Tuesday, January 7th, 2020

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced that it has further delved into the world of gambling through another strategic acquisition. The equity that is private revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the amount of €1 billion.

Sisal ended up being established in 1946 and it has subsequently been supplying many gambling choices and payment solutions for gambling clients. Additionally it is interesting to notice that the company that is milan-based become the first of its sort to run in Italy as a Government Licensee. Sisal currently manages more than 45,000 points of sale found 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 famous for previously buying 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 had been established that the private equity company would additionally purchase German operator Tipico.

Commenting on the latest announcement, 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. (more…)