• Contacts
Thursday, 30 June 2022
  • it Italiano
  • en English
Newsletter
BeBeez
  • .
  • Home
  • RISK CAPITAL
    • Angels & Incubators
    • Equity Crowdfunding
    • Venture Capital
    • Private Equity
    • Club deal
    • Spac
    • Euronext Growth Milan
    • Real Estate
    • Private equity, venture capital and private debt data in the world
    • Private capital in the world
      • Private capital in Europe
      • Private capital in Asia Pacific
      • Private capital in North America
      • Private capital in the rest of the world
    • Real Estate in the world
      • Real estate in Europe
      • Real Estate in Asia Pacific
      • Real Estate in North America
      • Real Estate in the rest of the world
  • CREDIT & DEBT
    • Private Debt
    • Crisis & Relaunch
    • Bad loans and other NPLs
  • ANALYSIS & COLUMNS
    • Insight Views EN
    • Report
    • Beez Peak
    • Comments
    • Data&Analysis
    • Fintech
    • Management
    • Art&Finance
    • GreenBeez
  • TOOLS
    • Sectors & Companies
    • Events
    • BeBeez Academy
  • BEBEEZ PREMIUM
    • BeBeez Private Data
    • BeBeez News Premium
    • Pricing
    • Subscriber Access
  • Login
Abbonati
  • Home
  • RISK CAPITAL
    • Angels & Incubators
    • Equity Crowdfunding
    • Venture Capital
    • Private Equity
    • Club deal
    • Spac
    • Euronext Growth Milan
    • Real Estate
    • Private equity, venture capital and private debt data in the world
    • Private capital in the world
      • Private capital in Europe
      • Private capital in Asia Pacific
      • Private capital in North America
      • Private capital in the rest of the world
    • Real Estate in the world
      • Real estate in Europe
      • Real Estate in Asia Pacific
      • Real Estate in North America
      • Real Estate in the rest of the world
  • CREDIT & DEBT
    • Private Debt
    • Crisis & Relaunch
    • Bad loans and other NPLs
  • ANALYSIS & COLUMNS
    • Insight Views EN
    • Report
    • Beez Peak
    • Comments
    • Data&Analysis
    • Fintech
    • Management
    • Art&Finance
    • GreenBeez
  • TOOLS
    • Sectors & Companies
    • Events
    • BeBeez Academy
  • BEBEEZ PREMIUM
    • BeBeez Private Data
    • BeBeez News Premium
    • Pricing
    • Subscriber Access
  • Login
Abbonati
BeBeez
Home Private Equity

CVC Capital Partners conquers bet and payment services Sisal Group

bebeezbybebeez
31 May 2016
in Companies, Private Equity
A A
Share on FacebookShare on Twitter

contiSisalQ12016With a one billion euros offer, CVC Capital Partners won auction for control of Italy’s bet and payment services Sisal Group spa, which has been controlled by funds managed by Apax (36.5%), Permira (36.5%) and Clessidra (20%) since 2006.  The announcement came yesterday morning  and the closing of the deal is expected by next September (see here the press release).

Cvc ‘s bid was preferred to the one by Apollo Global Management who had delivered a binding offer last week to advisors Deutsche Bank and Ubs

(see here a previous post by BeBeez).

Last July MF Milano Finanza had wrote about a potential interest for Sisal by Apollo, Blackstone, Carlyle and Pai (see here a previous post by BeBeez), while last April rumors about Apollo and CVC Capital Partners‘s  interest were circulating (see here a previous post by BeBeez), while also Bain Capital was said to be studying the dossier.

 

CVC, led in Italy by Giampiero Mazza, has a strong track record in the gaming industry through its strategic investments in Sky Bet (UK), Tipico (Germany) as well as its previous investment in William Hill.

Giancarlo Aliberti, partner at Apax Partners, Roberto Biondi, partner at Permira and Simone Cucchetti, partner at Clessidra, said: “Under the ownership of the Apax, Permira and Clessidra funds, Sisal was transformed from a lottery player into a retail conglomerate diversified across payment services, online, video lotteries, sport betting and lotteries. Over this period, profitability more than doubled and the company successfully increased market share in its verticals”.

Founded in 1946, Sisal was the first Italian company to operate in the gaming sector as a Government Licensee. Through its capillary network of 45,000 points of sale, the company offers the public in excess of 500 payment services. Sisal employs about 2000 people.

Sisal reached 192.4 million euros in revenues in Q1 2016 (up from 191.2 millions in Q1 2015), thanks to a total turnover of 4 billion euros (from 3.8 billions), led by payment services (2.1 billions). Adjusted ebitda was up too at 53.2 million euros (from 46.5 millions) and the group had a positive net result of 2.1 millions (from a 1.2 million euros net loss).  As for the net financial debt, its was down to 842 millions from 865 million euros at the end of 2015, but it was 939.7 millions (from 957.4 millions) when also Gaming Invest’s shareholders loan is counted.

Sisal reached 787 million euros in consolidated revenues in 2015 down from 821 millions in 2014 (see here Sisal’s FY 2015 statements),the adjusted ebitda dropped too to 182.3 millions (from 188.8 millions) and FY 2015 closed with a 39.7 million euros net loss (from just minus one million in 2014).

The 2006’s deal had been conducted on a 1.12 billion euros enterprise value basis (see here Private Equity Monitor) or 14.8x 2005’s ebitda which had been 81,8 million euros after 197 millions in revenues.

CVC was advised by Morgan Stanley, M&A, Bain and Company and AT Kearney on Commercial DD, PwC on Transaction Support, Latham and Watkins on Legal and Facchini Rossi e Soci on Tax, while the sellers were advised by Deutsche Bank, UBS, Legance, Maisto e Associati and PricewaterhouseCoopers. Morgan Stanley, Credit Suisse and Unicredit provided committed debt financing to support the transaction.

Tags: Apax PartnersClessidraCVC Capital PartnersPAprivate equitySisal
Sector news and cards : Media & Entertainment

Iscriviti alle nostre Newsletter

Iscriviti alle newsletter di BeBeez

Iscriviti
Previous Post

Directa Plus jumps 41% in first day of trading on Aim London

Next Post

Recordati group to buy Italchimici from Progressio and Idea Capital Funds

Related Posts

Investindustrial in talks to buy NYSE-listed Treehouse’s meal preparation division
Private Equity

Investindustrial in talks to buy NYSE-listed Treehouse’s meal preparation division

28 June 2022
PLT Energia, final steps for the auction for the wind and solar Italian operato. FIEE funds towards exit
GreenBeez

PLT Energia, final steps for the auction for the wind and solar Italian operato. FIEE funds towards exit

27 June 2022
Sweden’s private equity firm EQT to buy control of Facile.it
Private Equity

Italy’s private equity weekly roundp. News from IFM Investor, Industrie De Nora, Generalfinance, Be Shaping the Future, Biomet and more

24 June 2022
Italy’s private equity weekly roundup. News from Limacorporate, M4, Cogne Acciai, EDIGard, Guber Banca, EOS, Hyle Capital, Paluani and more
Private Equity

Italy’s private equity weekly roundup. News from Limacorporate, M4, Cogne Acciai, EDIGard, Guber Banca, EOS, Hyle Capital, Paluani and more

17 June 2022
More and more private capital investments are being conducted in club deals by private investors in Italy.  While search funds are also growing in number
Insight Views EN

More and more private capital investments are being conducted in club deals by private investors in Italy. While search funds are also growing in number

13 June 2022
Italy’s private equity weekly roundup. News from Saipem, ABN Amro SIF, AC Milan,  Isole e Olena, White Bridge Investments, Italian Design Brands, Gruppo Florence, KYIP Capital, Cherry Bay, Green Arrow Capital, Investcorp-Tages and more
Private Equity

Italy’s private equity weekly roundup. News from Saipem, ABN Amro SIF, AC Milan, Isole e Olena, White Bridge Investments, Italian Design Brands, Gruppo Florence, KYIP Capital, Cherry Bay, Green Arrow Capital, Investcorp-Tages and more

10 June 2022
  • Report
  • Events
  • Proposals

Report

Private debt hits a record in Italy in 2021 with volume over 26 mld euro, twice the figure in 2020. The new Report by BeBeez. See here all the tables

Private debt hits a record in Italy in 2021 with volume over 26 mld euro, twice the figure in 2020. The new Report by BeBeez. See here all the tables

14 March 2022
Financing to Italy’s SMEs and startups from fintech platforms reached a total of 8.6 bn euro since the market started in 2014. More than 3.5 bn euro in 2021 only. Here is the new BeBeez’s report

Financing to Italy’s SMEs and startups from fintech platforms reached a total of 8.6 bn euro since the market started in 2014. More than 3.5 bn euro in 2021 only. Here is the new BeBeez’s report

7 March 2022
In 2021 as many as 40 private equity deals in Italy with EV of at least 500 mln euro. All tables in the BeBeez Report 2021

In 2021 as many as 40 private equity deals in Italy with EV of at least 500 mln euro. All tables in the BeBeez Report 2021

7 February 2022
Fintech, startups and scaleups of Italian matrix raised over 900 mln euro in 2021 from 247 mln in 2020. BeBeez Report

Fintech, startups and scaleups of Italian matrix raised over 900 mln euro in 2021 from 247 mln in 2020. BeBeez Report

2 February 2022

Events

Waiting for you next June 8th at a webinar by Assofintech about Cybersecurity, a dialogue between Italy and Israel.  BeBeez is media partner

Waiting for you next June 8th at a webinar by Assofintech about Cybersecurity, a dialogue between Italy and Israel. BeBeez is media partner

2 June 2022
Happy Republic of Italy day! BeBeez comes back next Friday June 3rd

Happy Republic of Italy day! BeBeez comes back next Friday June 3rd

2 June 2022
Happy April 25th!

Happy April 25th!

24 April 2022
Merry Christmas and a 2021 of rebirth to all our readers!

Merry Christmas and a wish for 2022 to be the real recovery year for everybody

24 December 2021

Proposals

No Content Available

Co-sponsors

Partners

Tag

Banca Ifis Banco Bpm BeBeez Magazine bilanci bilancio blockchain bond Cdp Equity Coronavirus COVID-19 deteriorati Elite Gacs governo Hines hotel Illimity Italia Italy Italy Kryalos Lbo index L Catterton Leanus logistica magazine NB Aurora nexi NPE npl npl Pir private capital private debt private debt private equity private equity quotazione real estate Roma Round scaleup Utp venture capital venture capital
This site generates cookies, all of which are necessary for it to work properly. Here is our cookie policy page.

Necessary cookies

Cookie Google Analytics

Cookie tecnici

List of cookies - Privacy policy - Cookie policy
x
Cookies?
Bebeez

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

Follow

Risk Capital

  • Angels & Incubators
  • Venture Capital
  • Private Equity
  • Club deal
  • Spac
  • Euronext Growth Milan
  • Real Estate
  • Private equity, venture capital and private debt data in the world
  • Private capital in the world
  • Real Estate in the world

Credit & Debt

  • Private Debt
  • Crisis & Relaunch
  • Bad loans and other NPLs

Analysis & Columns

  • Insight Views EN
  • Report
  • Beez Peak
  • Comments
  • Data & Analysis
  • Fintech
  • Management
  • Art&Finance
  • GreenBeez

Tools

  • Sectors & Companies
  • Events
  • BeBeez Academy

Who we are

  • Who we are
  • What people say about us
  • Contacts

Personal data management

  • Login BeBeez News Premium
  • Subscribe

Information on the site

  • Privacy Policy
  • Terms and conditions of use
  • Cookie Police
  • Site Map

Powered by Olomedia © 2021

  • it Italiano
  • en English
  • Risk Capital
    • Angels&Incubators
    • Equity Crowdfunding
    • Venture Capital
    • Private Equity
    • Club deal
    • Spac
    • Euronext Growth Milan
    • Real Estate
    • Private equity, venture capital and private debt data in the world
    • Private capital in the world
      • Private capital in Europe
      • Private capital in Asia Pacific
      • Private capital in North America
      • Private capital in the rest of the world
    • Real Estate in the world
      • Real estate in Europe
      • Real Estate in Asia Pacific
      • Real Estate in North America
      • Real Estate in the rest of the world
  • Credit & Debt
    • Private Debt
    • Crisis & Relaunch
    • Bad loans and other NPLs
  • Analysis & Columns
    • Insight Views EN
    • Report
    • Beez Peak
    • Comments
    • Data&Analysis
    • Fintech
    • Management
    • Art&Finance
    • GreenBeez
  • Tools
    • Sectors & Companies
    • Events
    • BeBeez Academy
  • Bebeez Premium
    • BeBeez Private Data
    • BeBeez News Premium
    • Pricing
    • Subscriber Access
  • My Account
  • Subscribe

Powered by Olomedia © 2021

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Search...