Dream Games, the Turkey-based mobile game developer behind Royal Match and Royal Kingdom, has secured a major investment round led by CVC Capital Partners, which will become the company's sole equity partner. The deal values Dream Games at approximately $5 billion. The company raised about $2.5 billion in a mix of debt and equity, with CVC and Blackstone investing over $2 billion to take a minority stake. Index Ventures, which led the pre-launch Series A round in March 2021, along with Balderton Capital, Makers Fund, and IVP, have reportedly fully exited their positions as part of the transaction. Dream Games demonstrated strong financial performance, with estimated monthly net revenues and annual recurring revenue exceeding $10 million at the early stages. The transaction is regarded as one of the largest VC-backed gaming exits to date.