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CVC Capital Partners to Buy Italian Operator Sisal for €1 Billion
By Brodey Sheppard - June 02, 2016
Private equity firm CVC Capital Partners has announced that it had agreed to buy Italian betting company Sisal Group. CVC will further expand its betting portfolio with this deal that involves €1 billion.
About the Sisal Group
The Sisal Group was founded in 1946, and has since provided a wide variety of betting options and payment solutions for punters. Sisal was the very first to operate in Italy as a government licensee.
Sisal Group is Italy’s second-largest gaming firm. At present, Sisal manages a retail network of more than 45,000 outlets located all around the country. The retail network offers everything from lotto products, video lottery terminals, as well as sports and race betting brands. Sisal also operates a full-spectrum online betting operation through its Sisal.it platform, which is one of the best online casino websites in the country. The Sisal.it site ranks in the top-five on Italy’s list of licensed online operators. So if you want to try to play online casino games for real money, you might want to check it out.
The company has an estimated total workforce of 2,000 employees.
The €1 Billion Deal
The acquisition deal includes CVC assuming Sisal Group’s €966 million debt, which values the Italian betting company at around €1 billion. Last year, Sisal Group reported that it incurred an embarrassing net loss of €40 million on earnings of €182 million, and revenue of €787 million.
CVC Capital Partners will acquire the Sisal Group from its current private equity owners Apax Partners, Permira and Clessidra. The parties involved expect that the transaction will be completed by the end of Quarter Three this year.
CVC Capital Partners Expansion
The acquisition of the Sisal Group is CVC’s third major online betting deal in the last 18 months. In December 2014, CVC paid a total of £720 million to get a controlling stake in Sky Betting and Gaming. In this deal, Sky retained 20% of Sky Bet and continued to have board representation.
Sky was formed in 2001 and is based in Leeds. It operates five major products - SkyBet, Sky Vegas, Sky Poker, Sky Bingo and the Sky Casino full site. Sky embodies exceptional functionality and first-class gaming. It suits both beginners and high rollers who wish to play for huge sums of money.
If you want to find out about Sky’s latest game offers, then visit and sign up at Sky Casino online. You might end up scoring the best online casino bonuses around, like some great online blackjack bonus.
Just last month, CVC Capital Partners also paid a huge sum for a majority stake in Tipico, a German betting operator. Financial details of the transaction weren’t disclosed, but Tipico’s original estimation valued the company to be worth around €1 billion.
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