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 unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal was founded in 1946 and has since that time been supplying gambling that is numerous and re payment solutions for gambling customers. Additionally it is interesting to notice that the Milan-based business has get to be the to begin its sort to operate in Italy as being a Government Licensee. Sisal currently manages more than 45,000 points of sale located all over the nation.
Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity firm has not had existence into the Italian gambling market up to now. The organization is well known for formerly purchasing major UK-based gambling operator William Hill. What’s more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it was announced that the equity that is private would additionally purchase German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they’re pleased with the opportunity to utilize and invest in Sisal due to the fact Italian business has long ago established itself as one of the market leaders in Italy and has been providing diverse activity choices around the world.
Mr. Mazza further noted that Sisal is in an perfect position to secure development in various areas and that they searching for ahead to guide its group in consolidating the company’s ‘leadership into the re payments room,’ 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 acquisition.’ The executive further noted that their company happens to be in a period of growth and it has been enjoying very good results for some time 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 hence 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 line System Corporation, a public business running the Philippines Charity Sweepstakes workplace games. The agreement that is new legitimate through August 31, 2018.
This has been the fifth expansion of this contract that is existing the 2 events since the establishment of their partnership back 2006.
Under the terms of the newly signed agreement, INTRALOT would carry on providing its LOTOS online lottery system solution to the video gaming corporation. In addition, the Greek provider would also offer a lot more than 1,200 lottery terminals and would link 800 more main devices throughout the points-of-sales network managed by Pacific Online Systems Corp.
Commenting regarding the announcement that is latest, Willy Ocier, President regarding the video gaming business, said that the contract expansion’s absolute goal is for the 2 organizations to build in the founded strong fundamentals and also to provide merchants throughout the Philippines with the possibility to benefit from innovative gaming technology that could assist them boost lottery product sales.
Mr. Ocier further noted that INTRALOT happens to be a partner that is valuable Pacific Online Systems Corp.’s seek to modernize the Philippine lottery landscape and thanks to the Greek company’s global experience, they will have manged to help expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they are extremely excited by the opportunity to set about this type of long-term partnership with Pacific on the web Systems Corp. The official also remarked that they truly are anticipating supporting their lovers in their try to provide innovative and proven video gaming solutions, to optimize client experience, and also to boost sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization stated that it aims at securing sustainable EBITDA increase, solid cash flow, and quick reduced total of web financial obligation through strategic deals and the introduction of novel products.
Recently, the Greek company completed the merger of its Italian operations with those of other video gaming company Gamenet. INTRALOT now holds a 20% stake in the combined entity. The company in addition has established it would buy a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards across the country.