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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.
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