Private equity firm CVC Capital Partners readying for takeover of Gaming Laboratories International, claims media outlet
A significant development is unfolding in the gaming industry, as Avalon Buyer Limited, a newly formed UK-based investment vehicle, has announced its intention to acquire sole control of Gaming Laboratories International (GLI), a global testing and compliance giant.
Avalon Buyer Limited, established in April 2025, is managed by officials from CVC Funds, a global investment firm that indirectly backs the acquisition. The formation of Avalon Buyer Limited suggests that the deal is moving forward, although specific details about its current status, such as the stage of regulatory approvals or the timeline for completion, are not publicly disclosed.
The acquisition is subject to antitrust filings in Austria and Malta, but no financial terms have been revealed in either filing. The filings only mention Avalon's intent to acquire GLI and its affiliates, Worldwide Laboratories LLC and Kobetron LLC.
Zachary Kelly, an investment director for CVC Capital Partners, and Matthew Turner, the head of strategic opportunities for North America at CVC Capital Partners, are listed as directors for Avalon Buyer Limited.
Gaming Laboratories International, a prominent testing and certification company, is involved in the acquisition process. This move could potentially reshape the gaming industry landscape, given GLI's significant influence and reach.
As the acquisition process progresses, more details are expected to be disclosed. However, at this juncture, the financial aspects of the deal remain undisclosed, leaving the industry and investors eagerly awaiting further information.
The acquisition of Gaming Laboratories International (GLI) by Avalon Buyer Limited, a UK-based investment vehicle managed by CVC Funds, is expected to redefine the gaming business landscape. Despite the regulatory filings in Austria and Malta, the financial details of this potential business transaction have yet to be announced.
