Trilantic Capital Partners to Invest €53 million in Gamenet
London – January 7, 2011 – Trilantic Capital Partners (TCP), a global private equity firm, announced that in November 2010 it agreed to invest €53 million in to Gamenet SpA, the Rome-headquartered Italian gaming company.
The investment was the seventh made by TCP in 2010 and will give the firm an 80% ownership stake in the company, which is one of the market leaders in the Italian gaming sector, with a strong presence in the slot machines and video-lotteries businesses.
Gamenet operates the third largest network of gaming machines in Italy, where recent deregulation has fuelled annual sales growth of more than 20% in the gaming market. It also has a presence in sports betting and on-line gaming.
This investment enables Gamenet to develop its current activities further, and provides the company with the resources needed to be a competitive player in the newly launched video-lottery business.
Giacinto D’Onofrio, Trilantic Capital Partners principal, said: “This is our seventh investment of the year, making us one of the most active firms among those in the mid-market. Gaming is a rapidly expanding industry in Italy, and Gamenet is one of the leading participants in the industry. We expect the market to continue growing at rates of more than 20 per cent a year as it has done in past years. The investment underlines TCP’s strategy of backing leading companies and talented management teams in growth markets.”
Caroline Merrell +44 (0)207 367 5103
Henrietta Dehn +44 (0)207 367 5104
About Trilantic Capital Partners
Trilantic Capital Partners is a private equity firm focused on control and significant minority investments in North America and Europe with primary investment focus in consumer, energy, financial and business services. Trilantic was formed in 2009 by the former principals of Lehman Brothers Merchant Banking, where they created a strong track record of investing in and building successful growth businesses. Trilantic currently manages two institutional private equity funds with an aggregate capital commitment of $3.9 billion. For more information, visit www.trilanticpartners.com.