M&A Deal Summary

Flutter Entertainment Acquires Sisal

On December 23, 2021, Flutter Entertainment acquired gaming company Sisal from CVC Capital Partners for 1.9B EUR

Acquisition Highlights
  • This is Flutter Entertainment’s 3rd transaction in the Gaming sector.
  • This is Flutter Entertainment’s 0th largest (disclosed) transaction.
  • This is Flutter Entertainment’s 1st transaction in Italy.

M&A Deal Summary
Date 2021-12-23
Target Sisal
Sector Gaming
Buyer(s) Flutter Entertainment
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.9B EUR

Target

Sisal

Milan, Italy
website
Sisal is an operator in the Italian gaming market as a government licensee. Through its capillary network of 47,000 points of sale, the company in excess of 500 payment services to the Italian public which are still primarily reliant on traditional cash payments. Sisal is based in Milan, Italy.

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Buyer(S) 1

Buyer

Flutter Entertainment

Dublin, Ireland

website

Category Company
Founded 1958
Sector Gaming
Employees9,153
Revenue 6.0B GBP (2021)
DESCRIPTION

Flutter Entertainment is a betting and gaming company. Flutter Entertainment was founded in 1958 and is based in Dublin, Ireland.

DEAL STATS #
Overall 6 of 6
Sector (Gaming) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (Italy) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 The Stars Group

Toronto, Ontario, Canada

The Stars Group is a designer, developer, manufactures, distributes, sells, and services technology-based gaming solutions for the regulated gaming industry worldwide. The Stars Group was founded in 2004 and is based in Toronto, Canada.

Buy -

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 166 of 171
Sector (Gaming) 4 of 4
Type (Add-on Acquisition) 61 of 62
Country (Italy) 6 of 6
Year (2021) 15 of 15
Size (of disclosed) 10 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Mooney

Milano, Italy

Mooney is a payment services operator with an extensive proximity network. Mooney is based in Milano, Italy.

Sell €1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Gaming1

Liege, Belgium

Gaming1 is a Belgian company for both land-based and online games of chance (casino games, sports betting services and poker). Gaming1 is based in Liege, Belgium.

Buy -
Mergr

Product

Company

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