ADVERTISEMENT
CVC Capital Partners, one of the world’s largest private equity firms, is deepening its bet on the gambling industry through its planned acquisition of Gaming Laboratories International (GLI) LLC (Lakewood, United States) and its affiliates, a major player in testing and inspection services.
The news was first disclosed on the Malta Competition and Consumer Affairs Authority (MCCAA) website via a notification of concentration.
The deal will be executed through UK-based Avalon Finders, a newly formed investment vehicle backed and indirectly owned by CVC Funds.
The acquisition marks one of the latest moves in CVC’s global expansion strategy, which spans sectors from financial services to manufacturing across Europe, the US and the Asia-Pacific region.
In 2024, CVC Capital Partners was ranked the fourth-largest private equity fund in the world by Private Equity International’s (PEI) 300 list, a global insight, analysis and data provider.
Apart from testing and inspections, New Jersey-based Gaming Laboratories is a global leader in certification services.
Featured Image:
Continue Reading
Continue Reading
Malta Gaming Authority calls for heightened vigilance ahead of FIFA World Cup
It is also calling for the timely reporting of suspicious betting activity
Financials
Avanti Studios secures €10 million seed round
The company launched with the aim of tackling some of the Live Casino sector’s longstanding challenges
Financials
Light & Wonder marks Malta office expansion
'Expanding our presence in Malta reflects our continued investment in regulated iGaming markets,' CEO says
Financials
Gentoo Media CFO resigns as company enters ‘next phase’
A search for a permanent successor is already under way
Financials
An always-on industry needs always-on security
As iGaming platforms operate around the clock, Smart Technologies says cyber security is no longer just about prevention, but about quick detection and protecting trust in real time