CVC Capital Partners announced 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 amount of €1 billion.
Sisal ended up being launched in 1946 and has now subsequently been supplying gambling that is numerous and payment solutions for gambling customers. Additionally it is interesting to note that the company that is milan-based get to be the to begin its sort to operate in Italy as a Government Licensee. Sisal presently manages significantly more than 45,000 points of sale positioned all over the country.
Although CVC Capital Partners has substantial previous expertise in the gambling industry, the personal equity company has not had presence into the Italian gambling market so far. The business is known for formerly buying major UK-based gambling operator William Hill. What's more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Most recently, it had been established that the equity that is private would also purchase German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners' Italian group pointed out that they are satisfied with the opportunity to utilize and spend in Sisal because the Italian company has way back when established itself among the market leaders in Italy and has been providing diverse activity options across the country.