CVC Capital Partners Acquires Sisal for €1 Billion

January 7, 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 acquisition that is strategic. 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 founded in 1946 and contains subsequently been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to see that the company that is milan-based end up being the first of its sort to operate in Italy being a Government Licensee. Sisal presently manages significantly more than 45,000 points of sale found throughout the nation.

Although CVC Capital Partners has substantial previous expertise in the gambling industry, the personal equity company has not had existence within the Italian gambling market up to now. The business is well known for previously purchasing 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 announced that the private equity firm would additionally buy German operator Tipico.

Commenting in the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they’re happy with the chance to work with and spend in Sisal while the Italian company has long ago founded itself as one of the market leaders in Italy and contains been providing diverse entertainment options around the world.

Mr. Mazza further noted that Sisal is in an perfect place to secure growth in different areas and they searching for forward to aid its group in consolidating the organization’s ‘leadership in the re payments space,’ to continue developing its online gambling platform, and to innovate its retail company.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great acquisition.’ The executive further noted that his business has become in a time period of growth and has been enjoying results that are excellent a while now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential up to a full level, therefore becoming more competitive and more powerful.

INTRALOT Extends Partnership with Pacific On The Web System Corporation

Operator and provider of solutions for the worldwide gambling industry INTRALOT announced it has extended its existing partnership with Pacific on line System Corporation, a general public business running the Philippines Charity Sweepstakes Office games. The agreement that is new valid through August 31, 2018.

It has been the 5th expansion regarding the contract that is existing the two parties because the establishment of their partnership back 2006.

Beneath the regards to the newly finalized agreement, INTRALOT would continue supplying its LOTOS on line lottery system way to the gaming business. In addition, the Greek provider would additionally offer more than 1,200 lottery terminals and would connect 800 more main units across the points-of-sales network handled by Pacific on line Systems Corp.

Commenting in the announcement that is latest, Willy Ocier, President associated with video gaming corporation, stated that the agreement expansion’s main goal is for the two companies to build in the founded strong foundations and to offer stores throughout the Philippines aided by the possibility to take advantage of innovative video gaming technology that will help them improve lottery sales.

Mr. Ocier further noted that INTRALOT happens to be a partner that is valuable Pacific Online Systems Corp.’s try to modernize the Philippine lottery landscape and because of the Greek company’s international experience, they’ve manged to help expand their operations.

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted they are extremely excited by the opportunity to set about such a long-lasting partnership with Pacific on line Systems Corp. The official also noticed that they have been getting excited about supporting their lovers inside their endeavor to offer revolutionary and gaming that is proven, to optimize client experience, also to boost sales.

A week ago, INTRALOT announced its brand new growth strategy. The organization said it aims at securing sustainable EBITDA enhance, solid cash flow, and quick reduced total of web debt through strategic transactions and the introduction of novel products and services.

Recently, the Greek business completed the merger of its Italian operations with those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake in the mixed entity. The organization has also announced it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.