Dream Games' Strategic Partnership with CVC for Equity Exit
Deal News | May 02, 2025 | White & Case
Global law firm White & Case has advised Dream Games, the well-known developer behind mobile games like Royal Match, in securing a strategic investment from CVC, a leading asset management firm. This strategic investment signifies a new partnership where CVC becomes Dream Games' sole equity partner, offering liquidity for the original venture capital partners to exit after a tenure of over five years. The transaction does not only consist of equity but is also backed by debt financing from funds managed by Blackstone and other investors, emphasizing the complex financial structuring involved. White & Case's comprehensive team, comprising experts from Istanbul, Dubai, London, New York, Washington DC, and Brussels, played a pivotal role in navigating this multifaceted transaction.
Sectors
- Gaming
- Private Equity
- Legal Services
Geography
- Turkey – Dream Games is based in Turkey, with significant operations in Istanbul.
- United Kingdom – White & Case had key team members involved in the transaction based in London.
- United States – CVC is a global firm with connections in the US, and partners from New York and Washington DC were involved.
- United Arab Emirates – White & Case has team members based in Dubai, contributing to the legal aspects of the transaction.
Industry
- Gaming – Dream Games operates within the gaming industry, creating popular mobile games such as Royal Match.
- Private Equity – CVC is a major private equity firm involved in strategic investments and partnerships.
- Legal Services – White & Case, a global law firm, provided legal advisory services for the investment transaction.
Financials
- Not disclosed – The exact amount of the strategic investment by CVC and the debt financing provided by Blackstone were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dream Games | Target Company | Company | Developer and publisher of mobile games such as Royal Match, involved in a strategic investment deal with CVC. |
| CVC | Investor | Company | A leading global alternative asset management firm that has become Dream Games' sole equity partner. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised Dream Games in the strategic investment from CVC. |
| Blackstone | Debt Financier | Company | Funds managed by Blackstone, among other investors, provided debt financing for the transaction. |