Adds value of the deal in paragraph 2
LONDON, May 1 (Reuters) - European private equity firm CVC CVC.AS 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.
(Reporting by Andres Gonzalez, editing by Barbara Lewis and David Evans)
((andres.gonzalez@thomsonreuters.com; +44 (0) 7551 790019; Reuters Messaging: andres.gonzalez.thomsonreuters.com@reuters.net))
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