A unit of private equity firm CVC Capital Partners has filed regulatory notices of intention to acquire privately-held gaming technology testing and security consultancy Gaming Laboratories International LLC (GLI).
The value of such a deal was not mentioned in declarations made respectively to the Malta Competition and Consumer Affairs Authority, and Austria’s Federal Competition Authority.
GGRAsia has approached GLI’s management asking for comment on the statements.
The news was reported by specialist publication iGaming Business.
The suitor for a GLI acquisition is Avalon Buyer Ltd, described in the Malta announcement as “a newly incorporated investment vehicle indirectly owned and financed by CVC Funds”.
The Malta statement said: “The nature of the concentration is the acquisition of sole control of Gaming Laboratories International, LLC and its affiliates Worldwide Laboratories, LLC and Kobetron, LLC by Avalon Buyer Ltd.”
The Malta notification – most recently updated on July 11 – added that the notice had first been filed on July 3, and that any “written objections on this notified concentration” had to be made within seven days.
The Austria announcement was also dated July 3. It said: “Avalon Buyer Ltd (United Kingdom), which is indirectly controlled by funds or vehicles advised or managed by affiliates of CVC Capital Partners Plc (Jersey), intends to acquire more than 50 percent of the shares in and sole control over Gaming Laboratories International, LLC (USA); Worldwide Laboratories, LLC (USA); and Kobetron, LLC (USA).”
It added that the potential concentration of ownership “concerns testing, inspection and certification services for the gaming industry”.
