CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved into the world of gambling through another strategic acquisition. The personal equity firm 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 was established in 1946 and has since that time been providing gambling that is numerous and re payment solutions for gambling clients. Additionally it is interesting to note that the company that is milan-based become the to begin its type to operate in Italy being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase found 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 company is known for previously investing in major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake an additional UK-based gambling company Sky Betting & Gaming. Of late, it absolutely was announced that the personal equity firm would also buy German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they’re happy with the chance to use and invest in Sisal as the Italian business has long ago established itself as one of the market leaders in Italy and has now been providing diverse activity options across the country.
Mr. Mazza further noted that Sisal is within an position that is ideal secure development in various areas and that they searching for ahead to aid its group in consolidating the company’s ‘leadership into the payments space,’ to keep developing its on line gambling platform, and to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that their company happens to be in a period of development and has been enjoying very good results for a while now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential up to a extent that is full thus becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific On The Web System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced it has extended its existing partnership with Pacific on the web System Corporation, a public company running the Philippines Charity Sweepstakes workplace games. The new agreement is valid through August 31, 2018.
It has been the fifth expansion associated with current agreement between the two parties since the establishment of their partnership back in 2006.
Underneath the regards to the newly finalized contract, INTRALOT would keep on supplying its LOTOS on line lottery system means to fix the video gaming corporation. In addition, the Greek provider would also provide a lot more than 1,200 lottery terminals and would connect 800 more main units across the points-of-sales network handled by Pacific on the web Systems Corp.
Commenting regarding the latest announcement, Willy Ocier, President for the gaming business, said that the agreement extension’s absolute goal is for the two organizations to build in the founded strong fundamentals also to offer merchants throughout the Philippines aided by the possibility to benefit from revolutionary video gaming technology that could assist them boost lottery sales.
Mr. Ocier further noted that INTRALOT is definitely a valuable partner in Pacific Online Systems Corp.’s try to modernize the Philippine lottery landscape and thanks to the Greek organization’s worldwide experience, they’ve manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are acutely excited by the opportunity to set about this kind of long-term partnership with Pacific on the web Systems Corp. The state also remarked that these are typically getting excited about supporting their lovers in their seek to offer revolutionary and gaming that is proven, to optimize client experience, also to improve product sales.
The other day, INTRALOT announced its growth that is new strategy. The business stated it aims at securing sustainable EBITDA increase, solid income, and fast reduced total of net financial obligation through strategic deals as well as the introduction of novel products.
Recently, the Greek company finished the merger of its operations that are italian those of other video gaming company Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The business has also established so it would purchase a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards around the world.