International edition
August 20, 2019

Agreement values Sisal at USD 1.11B

CVC Capital to buy Sisal Group

CVC Capital to buy Sisal Group
CVC Capital Partners had agreed to buy Italian betting company Sisal Group.
Italy | 05/31/2016

CVC Capital Partners had agreed to buy Italian betting company Sisal Group.

T

he deal values Sisal Group at 1 billion euros (USD 1.11B), including debt.

Sisal, which also provides payment services, is currently owned by Apax Partners, Permira and Clessidra. In 2014 the three private equity funds sought a share listing for the Milan-based group but pulled the sale, blaming unfavorable market conditions.

Sisal had revenues of 787 million euros in 2015, down 4% from the previous year, and a net loss of 40 million euros. Payment services accounted for just over one fifth of overall sales. Net debt at the end of December stood at 966 million euros.

 

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