CVC-backed SisalPay invests in Italian app MyCicero

The transaction included a capital increase as well as shares acquired from MyCicero’s sole shareholder Pluservice.

CVC Capital Partners wholly acquired Italian gaming and payments operator Sisal for €1bn in June 2016. The vendor syndicate included buyout firm Permira, which sold its 20% stake in the business, alongside Apax Partners and Clessidra, which each reportedly divested a 36.5% stake. Morgan Stanley, Credit Suisse and Unicredit provided debt financing to support the transaction.

Gaming and payment services provider Sisal Group was established in 1946 and became the first Italian company to operate in the gaming sector licensed by the government. Its products include Totocalcio, Tris, Enalotto and MatchPoint. SisalPay, the brand of the Sisal group which specialises in payment services, allows its customers to pay and manage their bills, TV license and local taxes as well as top-up their debit cards and make bank transfers. In addition, the company offers a payment app called Bill.

Company
MyCicero offers a digital application for booking, buying and managing parking tickets as well as bus, tube and train tickets and accessing bike sharing services and taxis. The company’s platform is currently used in 150 cities across Italy by 100 transport and mobility companies, including Italian national trains operator Trenitalia and a total of 1.5 million users. MyCicero is based in Senigallia and was established in 2011 as a spinoff from enterprise resource planning specialist Pluservice.

People
Sisal Group - Francesco Maldari (head of payment services business unit).
MyCicero - Giorgio Fanesi (CEO).

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