CVC Capital Partners announced today that has agreed to acquire a 100% equity stake in Italian gaming and payments operator, Sisal Group S.p.A.
Giampiero Mazza, Partner and Head of CVC’s Italian team, said:
“We are very pleased to have the opportunity to invest in Sisal. The Company is a well diversified entertainment business with a historical brand in Italy and strong market positions across gaming, lotteries, betting and convenience payments. Under its previous shareholders and the management team led by Emilio Petrone, Sisal was able to grow and reshape its business perimeter thorough a period of difficult macro conditions and regulatory uncertainty. Sisal today is ideally positioned to capture growth in a number of areas. We look forward to support Emilio and his team to consolidate Sisal’s leadership in the payments space, continue to develop its online gaming and betting platform and further innovate its proposition in proximity retail.”
Emilio Petrone, CEO of Sisal Group, added: “I would like to congratulate the entire CVC Milan Team for finalizing a great acquisition. Sisal, celebrating its 70th anniversary, is a very important Italian company that is enjoying a period of fantastic growth and overall results. I am confident that with CVC, we will make a formidable team enabling Sisal to fully exploit its potential, becoming even stronger and more competitive. Personally, I am thrilled to lead this new, exciting phase in the company's history. I want to thank Apax, Permira and Clessidra for the consistent and valuable support they have given to me and the company over the last years”.
Read the press release