Global personal markets investor CVC Capital Partners has accomplished a strategic funding in Gaming Laboratories International (GLI), marking the agency’s entry because the gaming expertise testing and certification group’s first exterior investor.
The deal, carried out by CVC’s Strategic Opportunities platform, is designed to help GLI’s long-term growth whereas reinforcing its current operations in gaming testing, certification, and cybersecurity companies throughout regulated markets worldwide.
The firms confirmed the partnership in a joint assertion, noting that CVC’s funding has been accomplished and can present further assets and experience aimed toward strengthening GLI’s operational capability and future development.
GLI, based in 1989 by James Maida and Paul Magno, operates as a key service supplier to the worldwide gaming trade. The firm employs greater than 1,500 workers and helps over 710 regulated gaming jurisdictions internationally, making it one of the broadly used testing and compliance organisations in the sector.
Leadership highlights development ambitions
James Maida, chief government officer of GLI, described the partnership as a big improvement for the corporate’s future route.
“We are truly excited and honoured to welcome CVC as a strategic investment partner,” he mentioned.
He added: “This partnership creates new opportunities for growth and innovation, allowing GLI to invest even more in the success of the future of the global gaming industry as well as investing in related and adjacent sectors.”
Maida acknowledged that GLI’s management construction and operational focus would stay unchanged following the funding, together with continued emphasis on customer support, operational consistency and inner tradition.
“Our leadership, values and culture focused on customer service remain unchanged,” he mentioned. “I will continue as CEO and our leadership team remains intact. Together we will stay focused on quality, speed and the customer experience while continuing to drive innovation and outstanding service worldwide.”
CVC’s involvement comes by its Strategic Opportunities platform, a division created to take a position in firms that fall outdoors conventional personal fairness mandates, usually with a give attention to long-term partnerships and lower-risk profiles.
As GGRAsia cites, Matt Turner, associate at CVC and GLI board member, mentioned the funding aligns with the agency’s broader method to figuring out established companies with sturdy market positions and long-term development potential.
“Within CVC Strategic Opportunities, we seek to partner with exceptional businesses that have histories of consistent success, strong market positions and significant long-term growth potential,” he mentioned.
Turner added that GLI’s position in regulated gaming markets made it a robust match for CVC’s technique, citing its long-standing relationships with regulators, operators, and suppliers.
“The company plays a critical role in the global regulated gaming ecosystem and has established itself as a trusted partner to regulators, operators and suppliers around the world,” he mentioned.
GLI’s place in regulated gaming
GLI operates as a testing, certification and cybersecurity supplier for gaming operators and regulators. Its companies are used throughout a broad community of regulated jurisdictions globally, supporting compliance and technical requirements throughout the trade.
The firm’s scale and long-standing presence have positioned it as a central infrastructure supplier in regulated gaming markets, notably as oversight necessities proceed to increase internationally.
CVC’s Strategic Opportunities platform, which manages a part of the agency’s EUR15-billion (US$17.1-billion) belongings beneath administration, focuses on investments in established firms throughout Europe and North America, usually involving partnerships with founding households or long-standing administration groups.
Turner famous that GLI’s decades-long historical past in the sector helps its outlook for continued development beneath the brand new partnership.
“Over nearly 40 years James and Paul have built GLI into the clear leader in its industry,” he mentioned.
Both firms emphasised that the partnership is meant to help long-term improvement quite than quick structural adjustments. The funding is predicted to reinforce GLI’s assets whereas sustaining its operational mannequin and current management.
The firm’s position in regulated gaming continues to increase alongside world regulatory necessities, with growing demand for testing, certification, and cybersecurity companies throughout each established and rising markets.
GLI and CVC indicated that the partnership will give attention to supporting future development alternatives in these areas whereas sustaining the corporate’s present service requirements and consumer relationships.
