Investment business Piomo acquired Italy’s Microgame

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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.

 

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Nassima Azmzm

Nassima Azmzm

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