Luxembourg-based private equity firm CVC Capital Partners has extended its reach into the betting industry once again with the news that it has agreed to acquire a 100% equity stake in Italian gaming and payments operator Sisal Group S.p.A. The acquisition will see CVC assume Sisal’s €960 million corporate debt, with the PE firm expected to make an estimated €1 billion …
Read More »Tag Archives: Permira
Permira PE eyes potential 888 Holdings acquisition
Financial news sources report that European private equity firm Permira is considering a bid for 888 Holdings The Wall Street Journal Online (WSJ), reports that Permira appear to be interested to make an acquisition in the online gambling sector, due to upcoming changes in licensing and the introduction of new tax regimes throughout European markets. Permira reports to have €20 …
Read More »Sisal Group prepares for Italian IPO
Borsa Italiana – the Italian Stock Exchange, announced on Monday that it had allowed gambling and sports betting operator Sisal Group, to list itself for open trading on their exchange. Gambling and payment operator Sisal, are one of the leading operators in the region, with reported revenues totaling €772 million (£614 million) for 2013. Italian gaming regulator AAMS, reports that …
Read More »