CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved to the world of gambling through another strategic acquisition. The equity that is private unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal ended up being started in 1946 and it has ever since then been supplying gambling that is numerous and re payment solutions for gambling customers. It’s also interesting to notice that the Milan-based company has become the to begin its sort to run in Italy as being a Government Licensee. Sisal presently manages significantly more than 45,000 points of sale situated all over the country.
Although CVC Capital Partners has substantial previous experience in the gambling industry, the private equity firm have not had presence in the Italian gambling market up to now. The business is famous for previously purchasing major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Of late, it was announced that the private equity firm would also buy German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they are pleased with the chance to utilize and spend in Sisal as the Italian company has way back when established itself among the market leaders in Italy and has been offering diverse activity options in the united states.
Mr. Mazza further noted that Sisal is in an perfect place to secure growth in numerous areas and they are looking ahead to support its group in consolidating the organization’s ‘leadership in the re payments room,’ to continue developing its online gambling platform, also to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great purchase.’ The executive further noted that their company happens to be in a period of development and it has been enjoying results that are excellent time now. Mr. Petrone added that with CVC Capital Partners as its brand new owner, Sisal should be able to exploit its potential up to a complete degree, therefore becoming more competitive and stronger.
INTRALOT Extends Partnership with Pacific On The Web System Corporation
Operator and provider of solutions for the gambling that is international INTRALOT announced so it has extended its existing partnership with Pacific on the web System Corporation, a 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 of the contract that is existing the 2 parties since the establishment of their partnership back in 2006.
Underneath the regards to the newly finalized agreement, INTRALOT would continue supplying its LOTOS on line lottery system solution to the video gaming organization. In addition, the Greek provider would additionally provide a lot more than 1,200 lottery terminals and would link 800 more main devices 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 gaming organization, said that the agreement expansion’s main goal is for the two businesses to build in the established strong fundamentals and to provide merchants throughout the Philippines with all the possibility to make the most of innovative gaming technology that would assist them boost lottery sales.
Mr. Ocier further noted that INTRALOT is definitely a partner that is valuable Pacific Online Systems Corp.’s try to modernize the Philippine lottery landscape and as a result of the Greek company’s global experience, they have manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are exceptionally excited by the chance to attempt this type of long-lasting partnership with Pacific on the web Systems Corp. The state also noticed that they are looking forward to supporting their lovers in their endeavor to offer revolutionary and gaming that is proven, to optimize consumer experience, also to improve product sales.
Last week, INTRALOT announced its new growth strategy. The company said that it is aimed at securing sustainable EBITDA increase, solid cash flow, and fast reduced total of net financial obligation through strategic transactions plus the introduction of novel products and services.
Recently, the Greek business finished the merger of its Italian operations with those of other gaming company Gamenet. INTRALOT now holds a 20% stake in the combined entity. The organization has additionally established that it would buy a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards around the world.