CVC Capital Partners Acquires Sisal for €1 Billion

Category : News - Mon 06/01/2020 - 20:58 EST

CVC Capital Partners Acquires Sisal for €1 Billion

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

Sisal had been launched in 1946 and has now subsequently been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to notice that the Milan-based company has become the first of its sort to operate in Italy being a Government Licensee. Sisal presently manages more than 45,000 points of purchase located all over 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 business is well known for previously purchasing major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake in another UK-based gambling company Sky Betting & Gaming. Of late, it absolutely was announced that the personal equity firm would additionally purchase German operator Tipico.

Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners' Italian team pointed out that they are satisfied with the opportunity to utilize and spend in Sisal due to the fact Italian company has long ago established itself as one of the market leaders in Italy and contains been providing diverse activity options in the united states.

Mr. Mazza further noted that Sisal is in an position that is ideal secure development in different areas and they searching for forward to guide its group in consolidating the company's 'leadership into the payments area,' to keep developing its on line gambling platform, and also to innovate its retail business.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed 'a great acquisition.' The executive further noted that their company is now in a time period of development and has been enjoying very good results for a while now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential up to a full degree, therefore becoming more competitive and stronger.

INTRALOT Extends Partnership with Pacific Online System Corporation

Operator and provider of solutions for the gambling that is international INTRALOT announced so it has extended its existing partnership with Pacific Online System Corporation, a public company operating the Philippines Charity Sweepstakes workplace games. The agreement that is new valid through August 31, 2018.

It has been the fifth extension associated with the existing agreement between the 2 parties because the establishment of their partnership back in 2006.

Under the regards to the newly signed contract, INTRALOT would carry on providing its LOTOS on the web lottery system means to fix the gaming corporation. In addition, the Greek provider would also offer more than 1,200 lottery terminals and would link 800 more main units across the network that is points-of-sales by Pacific on line Systems Corp.

Commenting in the announcement that is latest, Willy Ocier, President associated with video gaming company, stated that the contract extension's absolute goal is for the 2 organizations to build on the established strong fundamentals and to offer retailers across the Philippines aided by the opportunity to benefit from revolutionary gaming technology that will assist them improve lottery product sales.

Mr. Ocier further noted that INTRALOT has become a partner that is valuable Pacific on line Systems Corp.'s seek to modernize the Philippine lottery landscape and as a result of the Greek business's worldwide experience, they've manged to further expand their operations.

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they are exceptionally excited by the chance to embark on this kind of long-term partnership with Pacific on the web Systems Corp. The state also pointed out that they have been getting excited about supporting their partners in their try to provide revolutionary and proven video gaming solutions, to optimize client experience, also to improve product sales.

The other day, INTRALOT announced its brand new development strategy. The organization said so it aims at securing sustainable EBITDA increase, solid cashflow, and fast reduced total of web financial obligation through strategic transactions and also the introduction of novel products.

Recently, the Greek business finished the merger of its Italian operations with those of other gaming company Gamenet. INTRALOT now holds a 20% stake into the mixed entity. The business in addition has announced so it would obtain a 49% share in Eurobet Bulgaria, the main provider of lottery and scratchcards around the world.

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