Private equity firms Monitor Clipper Partners LP and TPG Growth have agreed to sell a 91.7 percent stake in Italian betting and gaming supplier Microgame to investment company Piomo S.A.
The deal’s terms are yet to announce. But Piomo did confirm that a number of key Microgame executives, including CEO Marco Castaldo, will remain in their positions.
“The addition of Piomo as a majority shareholder starts a new phase of growth in our project,” Castaldo said. “The new shareholders also guarantee our customers their provider’s renewed strength and investment capacity.