CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in 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 amount of €1 billion.
Sisal ended up being established in 1946 and contains ever since then been providing numerous gambling choices and payment solutions for gambling clients. Additionally it is interesting to notice that the company that is milan-based end up being the first of its sort to run in Italy as being a Government Licensee. Sisal currently manages more than 45,000 points of purchase found all around 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 famous for formerly purchasing major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake in another UK-based gambling company Sky Betting & Gaming. Of late, it was established that the equity that is private would additionally purchase German operator Tipico.
Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team revealed that they’re happy with the chance to utilize and spend in Sisal while the Italian business has long ago founded itself among the market leaders in Italy and has been offering diverse activity choices in the united states.
Mr. Mazza further noted that Sisal is in a ideal place to secure development in various areas and that they are searching forward to aid its group in consolidating the organization’s ‘leadership within the payments space,’ to continue developing its on line 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 their business is currently in a period of growth and it has been enjoying very good results for a while now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal should be able to exploit its potential up to a extent that is full hence 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 it has extended its existing partnership with Pacific Online System Corporation, a general public company operating the Philippines Charity Sweepstakes workplace games. The brand new contract is valid through August 31, 2018.
It has been the fifth expansion regarding the contract that is existing the 2 parties because the establishment of these partnership back 2006.
Under the terms of the newly signed contract, INTRALOT would continue supplying its LOTOS on the web lottery system solution to the gaming corporation. In addition, the Greek supplier would additionally offer significantly more than 1,200 lottery terminals and would connect 800 more main units throughout the points-of-sales network managed by Pacific on line Systems Corp.
Commenting in the latest statement, Willy Ocier, President associated with the video gaming business, stated that the contract extension’s absolute goal is for the 2 organizations to build in the established strong fundamentals also to offer merchants across the Philippines aided by the chance to benefit from revolutionary gaming technology that would help them improve lottery product sales.
Mr. Ocier further noted that INTRALOT happens to be a valuable partner in Pacific on the web Systems Corp.’s endeavor to modernize the Philippine lottery landscape and as a result of the Greek organization’s international experience, they have manged to further expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they are exceedingly excited by the chance to set about such a long-term partnership with Pacific on line Systems Corp. The state also noticed that they’ve been looking towards supporting their lovers within their seek to offer revolutionary and gaming that is proven, to optimize customer experience, and also to boost sales.
The other day, INTRALOT announced its new growth strategy. The business stated so it aims at securing sustainable EBITDA increase, solid cashflow, and fast reduced total of net financial obligation through strategic deals therefore the introduction of novel services.
Recently, the Greek business finished the merger of its Italian operations with those of fellow gaming business Gamenet. INTRALOT now holds a 20% stake into the mixed entity. The business has also announced that it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.