CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved in to the world of gambling through another strategic acquisition. 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 ended up being launched in 1946 and it has subsequently been providing gambling that is numerous and re payment solutions for gambling customers. It’s also interesting to note that the Milan-based company has end up being the first of its sort to operate in Italy as a Government Licensee. Sisal currently manages more than 45,000 points of purchase located all around the nation.
Although CVC Capital Partners has substantial past experience in the gambling industry, the personal equity company have not had presence within the Italian gambling market so far. The business is famous for formerly purchasing major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Most recently, it absolutely was established that the equity that is private would also buy German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they are pleased about the opportunity to work with and invest in Sisal as the Italian company has way back when founded itself among the market leaders in Italy and has been offering diverse activity choices across the country.
Mr. Mazza further noted that Sisal is in an ideal position to secure development in different areas and they searching for ahead to support its team in consolidating the organization’s ‘leadership into the payments space,’ to keep developing its online gambling platform, and to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that his business happens to be in a time period of development and contains been enjoying results that are excellent a while now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential up to a complete extent, therefore becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific On Line System Corporation
Operator and provider of solutions for the gambling that is international INTRALOT announced that it has extended its existing partnership with Pacific Online System Corporation, a general public company operating the Philippines Charity Sweepstakes Office games. The agreement that is new legitimate through August 31, 2018.
This has been the fifth expansion associated with contract that is existing the 2 events because the establishment of these partnership back in 2006.
Underneath the regards to the newly finalized agreement, INTRALOT would carry on supplying its LOTOS on the web lottery system way to the gaming firm. In addition, the Greek supplier would also offer significantly more than 1,200 lottery terminals and would link 800 more primary units across the points-of-sales network handled by Pacific on line Systems Corp.
Commenting regarding the latest statement, Willy Ocier, President for the video gaming corporation, said that the agreement expansion’s main goal is for the two organizations to build on the founded strong foundations and also to provide stores across the Philippines because of the possibility to make the most of revolutionary gaming technology that could assist them boost lottery sales.
Mr. Ocier further noted that INTRALOT is without question a partner that is valuable Pacific on the web Systems Corp.’s seek to modernize the Philippine lottery landscape and thanks to the Greek business’s worldwide experience, they have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are extremely excited by the opportunity to set about this type of partnership that is long-term Pacific Online Systems Corp. The state also pointed out that they truly are looking forward to supporting their lovers within their endeavor to offer revolutionary and proven gaming solutions, to optimize customer experience, also to boost product sales.
Last week, INTRALOT announced its growth that is new strategy. The business stated it is aimed at securing sustainable EBITDA increase, solid cashflow, and fast reduced total of net debt through strategic transactions plus the introduction of novel services and products.
Recently, the Greek company completed the merger of its operations that are italian those of fellow gaming business Gamenet. INTRALOT now holds a 20% stake in the blended entity. The business has additionally announced so it would purchase a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.