CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved to the world of gambling through another acquisition that is strategic. The equity that is private revealed the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal was started in 1946 and has now since that time been providing gambling that is numerous and re payment solutions for gambling customers. It’s also interesting to notice that the company that is milan-based end up being the first of its kind to operate in Italy being a Government Licensee. Sisal currently manages a lot more than 45,000 points of purchase located throughout the nation.
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 famous for previously buying major gambling that is UK-based William Hill. What exactly is 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 equity that is private would additionally purchase German operator Tipico.
Commenting on the latest statement, 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.
Mr. Mazza further noted that Sisal is in an position that is ideal secure growth in different areas and that they searching for forward to aid its group in consolidating the company’s ’leadership in the payments space,’ to continue developing its on line gambling platform, 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 his business has become in a time period of growth and it has been enjoying results that are excellent a while now. Mr. Petrone added that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential up to a full level, hence becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific Online System Corporation
Operator and provider of solutions for the gambling that is international INTRALOT announced it has extended its existing partnership with Pacific on the web System Corporation, a general public business operating the Philippines Charity Sweepstakes Office games. The brand new agreement is legitimate through August 31, 2018.
It has been the fifth expansion regarding the current contract between the 2 events considering that the establishment of their partnership back 2006.
Beneath the terms of the newly finalized agreement, INTRALOT would carry on supplying its LOTOS online lottery system treatment for the gaming organization. In addition, the Greek provider would also offer significantly more than 1,200 lottery terminals and would link 800 more main devices throughout the points-of-sales network managed by Pacific on the web Systems Corp.
Commenting on the latest statement, Willy Ocier, President for the gaming corporation, said that the agreement expansion’s definitive goal is for the two businesses to build in the founded strong foundations also to offer stores throughout the Philippines with the chance to make use of revolutionary gaming technology that could assist them improve lottery sales.
Mr. Ocier further noted that INTRALOT has always been a partner that is valuable Pacific on line Systems Corp.’s try to modernize the Philippine lottery landscape and as a result of the Greek company’s international experience, they will have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they’re exceedingly excited by the opportunity to embark on this kind of long-term partnership with Pacific on line Systems Corp. The official also remarked that they’ve been getting excited about supporting their partners inside their seek to provide innovative and gaming that is proven, to optimize consumer experience, also to boost sales.
The other day, INTRALOT announced its growth that is new strategy. The company stated that it aims at securing sustainable EBITDA enhance, solid cashflow, and fast reduced total of net financial obligation through strategic transactions and the introduction of novel products.
Recently, the Greek business finished the merger of its operations that are italian those of other video gaming business Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The company has also announced that it would obtain a 49% share in Eurobet Bulgaria, the main provider of lottery and scratchcards across the country.