Permira, Apax’s Sisal Said to Seek $2 Billion Value in Italy IPO
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Sisal Group SpA, an Italian gaming and payment services provider, is seeking a valuation of as much as 1.5 billion euros ($2 billion) in its initial public offering, according to two people with knowledge of the matter.
Sisal, of which Apax Partners LLP and Permira Advisers LLP own 36.4 percent each, began investor meetings for a Milan listing today, deal terms showed. The IPO could raise 400 million euros to 500 million euros, the people said, asking not to be named as details of the sale aren’t public yet.