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
Claudio Stagno joins Helio Gaming as Business Development Manager
He previously served as Head of Sales at both BGaming and Booming Games
Recruitment
Yggdrasil strengthens Romanian presence through Kaizen Gaming partnership
The agreement will give Romanian players access to a selection of Yggdrasil’s most popular titles
Recruitment
Michael Waterfield joins Booming Games as Chief Commercial Officer
‘Michael joins us at an exciting stage of our growth,’ the company said
Recruitment
Malta showcases full strength of its gaming ecosystem at SBC Lisbon
Malta's key gaming stakeholders are coming together at a dedicated national booth at SBC Lisbon for the first time
Recruitment
GAMOMAT secures MGA B2B licence in ‘big moment for the business’
'A big moment as we push on with our expansion in Europe,' says Joss Webster Head of Commercial