CVC Capital to buy Italian gaming firm Sisal in 1 bln-euro deal

May 30, 2016 7:58 AM

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MILAN May 30 Private equity firm CVC Capital Partners said on Monday it had agreed to buy Italian betting company Sisal Group in a deal that values the company at 1 billion euros ($1.11 billion), 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 unfavourable market conditions.

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