LONDON (Reuters) -European private equity firm CVC will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday. CVC will buy out Dream Games'
CVC to Invest in Dream Games, Developer of Royal Match
LONDON (Reuters) -European private equity firm CVC will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday.
CVC will buy out Dream Games' initial venture capital partners and become its sole equity partner as part of the deal that it said will boost development of new games.
Dream Games did not disclose the financial terms or the size of the stake acquired by CVC, but said funds managed by Blackstone, and other investors will provide debt financing as part of the transaction.
The transaction is subject to regulatory approvals and is expected to be completed in the third quarter of 2025, Dream Games' statement said.
"Their (CVC's) experience investing in category-leading companies, and track-record of supporting the long-term vision of founding teams, make them ideal partners as we continue to enhance our global leadership," said Soner Aydemir, co-founder and CEO of Dream Games.
It said Royal Match is the leading global puzzle game by revenue.
(Reporting by Andres Gonzalez, editing by Barbara Lewis)
