
Trilantic’s Gamenet buys Intralot
Trilantic Capital Partners Europe-backed Gamenet has acquired the Italian-based activities of listed gaming market operator Intralot Group.
As part of the deal, Intralot will hold a 20% stake in the merged group, which is expected to generate around €1bn in revenues, according to a statement.
The merged group will manage 750 sale points, 60 gaming halls and 8,000 video lottery terminals. According to press reports, the group will be the fourth largest gaming operator in Italy.
Prior to the transaction, the targeted company sold an 80% stake in its Peru-based branch, Intralot de Peru, to Nexus Group.
Previous funding
Trilantic purchased an 80% stake in Italian slot machine operator Gamenet for €50m in November 2010. The deal saw the company's enterprise value estimated at €200m.
Company
Established in 1992, Intralot operates in the lottery and gaming market, and has a presence in 57 countries. The company is listed on the Athens Stock Exchange and has 5,100 employees.
Intralot is headquartered in Athens and generated a turnover of €1.9bn with a €177.2m EBITDA in 2015.
People
Trilantic Capital Partners Europe – Giacinto D'Onofrio (partner).
Gamenet – Guglielmo Angelozzi (CEO).
Intralot – Antonios Kerastaris (CEO).
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