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CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced that it has further delved in to the world of gambling through another strategic purchase. The personal equity company unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.

Sisal ended up being started in 1946 and has subsequently been supplying gambling that is numerous and re payment solutions for gambling clients. It’s also interesting to see that the Milan-based business has get to be the first of its type to run in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase positioned all over the country.

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 famous for previously investing in major gambling that is UK-based William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake in another UK-based gambling company Sky Betting & Gaming. Lately, it absolutely was announced that the equity that is private would additionally buy German operator Tipico.

Commenting in the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re pleased about the chance to utilize and invest in Sisal because the Italian business has long ago established itself among the market leaders in Italy and has been providing diverse entertainment options around the world.

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NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

Austrian manufacturer of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing to the Australian Securities Exchange that if it completes the proposed takeover of other provider and maker Ainsworth Game tech Ltd., it might back the instant visit of an separate person to the post of Chair regarding the latter organization’s board.

In addition, the Austrian gaming giant would make sure that the Ainsworth Game Technology board would carry on having a directors that are independent.

NOVOMATIC first announced plans to acquire the gaming that is australian-listed on February 23. The Austrian holding stated that it would obtain a 53% stake in Ainsworth Game Technology from the latter’s Chairman and creator Len Ainsworth.

Previously this month, the Australian company said in a filing to the ASX that a shareholders meeting was in fact postponed for up to 30 days. The meeting had been planned to be held on June 3 and during it, investors were to vote on the proposed transaction.

The conference had been delayed because of discussions that are ongoing whether shareholding interests associated with Mr. Ainsworth family should vote en bloc, possibly to the detriment of the rest of the company’s shareholders.

In accordance with a Friday filing from Ainsworth Game Technology to your ASX concerning the prospective takeover, NOVOMATIC has stated that upon the deal’s completion, if such conclusion occurs, an unbiased person will be appointed as Chair associated with company that is australian.

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