Jamieson has advised the management team of Sisal Group, the Italian gaming and payments operator, on the acquisition of the business by funds advised by CVC Capital Partners from funds advised by Apax Partners, Permira and Clessidra. The value of the transaction, which is expected to close by the end of September, was €1.0bn.
Headquartered in Milan, Sisal Group is a leading operator in the Italian gaming market and the number one provider of payments services. Established in 1946, Sisal was the first Italian company to operate in the gaming sector as a Government concessionaire. Through its capillary network of 45,000 points of sale, the company offers the public in excess of 500 payment services. Sisal employs about 2,000 people.
“I would like to congratulate the entire CVC Milan Team for finalising 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 would like to thank Ian and the Jamieson team for their tremendous support over the last three years and for providing us with the necessary expertise and support”.
Emilio Petrone, CEO
Ian Jamieson, Ross Wheeler and Stephen Maxwell from Jamieson advised the Sisal management team.