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 private equity firm 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 created in 1946 and contains since then been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to note that the Milan-based business has get to be the first of its kind to run in Italy as a Government Licensee. Sisal currently manages more than 45,000 points of purchase situated all over the country.
Although CVC Capital Partners has substantial previous expertise in the gambling industry, the personal equity company has not had existence in the Italian gambling market so far. The business is known for formerly 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. Most recently, it had been announced that the equity that is private would additionally buy German operator Tipico.
Commenting in the latest announcement, Giampiero Mazza, Head of CVC Capital Partners‘ Italian team 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.
Mr. Mazza further noted that Sisal is within an position that is ideal secure development in various areas and that they are looking ahead to support its team in consolidating the company’s ‚leadership in the payments space,‘ to keep developing its on line gambling platform, and 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 business has become in a time period of growth and has now been enjoying excellent results for a while now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential to a full extent, therefore becoming more competitive and stronger.
INTRALOT Extends Partnership with Pacific On Line System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced so it has extended its existing partnership with Pacific on the web System Corporation, a public company operating the Philippines Charity Sweepstakes workplace games. The brand new agreement is valid through August 31, 2018.
It has been the 5th extension regarding the existing agreement between the 2 events because the establishment of these partnership back 2006.
Underneath the regards to the newly finalized contract, INTRALOT would continue supplying its LOTOS on the web lottery system solution to the gaming corporation. In addition, the Greek supplier would also offer significantly more than 1,200 lottery terminals and would link 800 more main devices across the network that is points-of-sales by Pacific Online Systems Corp.
Commenting on the announcement that is latest, Willy Ocier, President regarding the gaming corporation, said that the agreement extension’s main goal is for the 2 companies to build in the established strong fundamentals also to offer stores throughout the Philippines utilizing the possibility to take advantage of revolutionary video gaming technology that will help them boost lottery product sales.
Mr. Ocier further noted that INTRALOT is without question a partner that is valuable Pacific on the web Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek company’s global experience, they will have manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are extremely excited by the opportunity to attempt this type of long-lasting partnership with Pacific on the web Systems Corp. The official also remarked that they have been getting excited about supporting their partners within their try to provide innovative and proven gaming solutions, to optimize consumer experience, and to boost product sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization stated that it aims at securing sustainable EBITDA enhance, solid income, and fast reduction of web debt through strategic transactions as well as the introduction of novel products.
Recently, the Greek business completed the merger of its operations that are italian those of fellow gaming company Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The company has also announced it would purchase a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards across the country.