Latest news with #DreamGames
CNA
01-05-2025
- Business
- CNA
Private equity CVC to invest in 'Royal Match' developer Dream Games
LONDON :European private equity firm CVC will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday The transaction, which includes debt provided by funds managed by Blackstone and other investors, values Dream Games in around $5 billion, according to a source with knowledge of the deal. Dream Games and CVC did not disclose the financial terms or the size of the stake acquired in a joint statement. 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. 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.
Bloomberg
01-05-2025
- Business
- Bloomberg
‘Royal Match' Maker Dream Games Raises $2.5 Billion in CVC-Led Round
Dream Games, a mobile gaming studio that makes the Royal Match smartphone game, has raised about $2.5 billion in debt and equity in a deal that will make private equity firm CVC Capital Partners its sole equity investor. CVC confirmed that it had bought out the earlier venture capital investors, without providing financial terms, in a statement on Thursday. Funds managed by Blackstone Inc. provided debt financing in the deal, according to the statement.
Yahoo
01-05-2025
- Business
- Yahoo
Private equity CVC to invest in 'Royal Match' developer Dream Games
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. Sign in to access your portfolio
Reuters
01-05-2025
- Business
- Reuters
Private equity CVC to invest in 'Royal Match' developer Dream Games
LONDON, May 1 (Reuters) - European private equity firm CVC ( opens new tab 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. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. 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.
Bloomberg
29-01-2025
- Business
- Bloomberg
Mobile App Hitmaker Dream Games Discussing $2.5 Billion Raise
Dream Games, a Turkish developer of popular mobile games including Royal Match, is in talks with investors to raise around $2.5 billion in fresh debt and equity in a round that would almost double the firm's valuation in less than three years. The company has tapped Goldman Sachs Group Inc., which is reaching out to potential investors for the package, according to people with knowledge of the matter. Dream Games is seeking about $1.25 billion in debt from private credit lenders and about the same amount of equity capital, said the people, who asked not to be identified discussing private information.
