CVC Invests $2.5 Billion in Dream Games, Plans to Accelerate Growth

Dream Games, the developer behind the popular mobile games Royal Match and Royal Kingdom, has secured a strategic investment from private equity firm CVC, which will become its sole equity partner after buying out the company’s initial venture capital backers. The transaction, supported by debt financing from funds managed by Blackstone and others, will provide liquidity to early investors and fund Dream Games’ continued expansion and development of new titles within its successful Royal franchise. The deal, expected to close in the third quarter of 2025 pending regulatory approval, marks a significant milestone for the Istanbul-based studio, which has established Royal Match as the top-grossing puzzle game worldwide. Dream Games’ leadership and CVC both expressed enthusiasm for the partnership, highlighting CVC’s experience in supporting category-leading companies and the studio’s ambitions for further global growth. The investment follows the launch of Royal Kingdom and a high-profile celebrity marketing campaign, underscoring Dream Games’ commitment to innovation and market leadership in mobile gaming.