CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved into the world of gambling through another strategic acquisition. The equity that is private unveiled the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal ended up being started in 1946 and has now since then been providing numerous gambling choices and re payment solutions for gambling clients. It is also interesting to see that the company that is milan-based end up being the to begin its sort to run in Italy as being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase positioned all over 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 organization is known 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 in another UK-based gambling company Sky Betting & Gaming. Of late, it absolutely 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 pleased about the opportunity to utilize and invest in Sisal since the Italian company has long ago established itself among the market leaders in Italy and it has been providing diverse entertainment options in the united states.
Mr. Mazza further noted that Sisal is in an position that is ideal secure development in various areas and that they are searching ahead to support its group in consolidating the organization’s ‘leadership into the re payments space,’ to continue developing its on line gambling platform, and also to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great acquisition.’ The executive further noted that their business is currently in a time period of growth and contains been enjoying results that are excellent time now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential to a extent that is full therefore 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 Online System Corporation, a public company running the Philippines Charity Sweepstakes Office games. The agreement that is new legitimate through August 31, 2018.
This has been the 5th extension of this existing contract between the two events considering that the establishment of their partnership back in 2006.
Under the terms of the newly finalized agreement, INTRALOT would carry on supplying its LOTOS online lottery system treatment for the video gaming firm. In addition, the Greek supplier would also provide more than 1,200 lottery terminals and would link 800 more main units across the points-of-sales network handled by Pacific on line Systems Corp.
Commenting on the latest statement, Willy Ocier, President of this video gaming firm, said that the contract expansion’s main goal is for the 2 companies to build in the founded strong fundamentals also to offer merchants across the Philippines using the chance to take advantage of innovative video gaming technology that could help them improve lottery product sales.
Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on the web Systems Corp.’s seek to modernize the Philippine lottery landscape and thanks to the Greek company’s global experience, they’ve manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are incredibly excited by the chance to embark on such a long-term partnership with Pacific Online Systems Corp. The state also pointed out that these are typically getting excited about supporting their partners inside their try to provide innovative and proven video gaming solutions, to optimize client experience, also to improve product sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization said that it is aimed at securing sustainable EBITDA increase, solid cash flow, and quick reduced total of web debt through strategic transactions therefore the introduction of novel services.
Recently, the Greek company completed the merger of its Italian operations with those of other gaming company Gamenet. INTRALOT now holds a 20% stake in the blended entity. The business in addition has announced so it would buy a 49% share in Eurobet Bulgaria, the main provider of lottery and scratchcards around the world.