Haveli invests USD100 million in Israeli mobile games company Candivore
US private equity firm Haveli Investments, L.P. has acquired a minority interest in Israeli mobile games company Candivore for USD100 million. Texas-based Haveli says it will fund the transaction from Haveli VC Gaming Fund I, L.P.
Founded in 2018, Tel Aviv-based gaming studio, Candivore, is best known as the developer of Match Masters, a competitive match-3 puzzle game, which has generated more than USD300 million in revenue to date.
Herzog acted for the Israeli start up, Candivore, led by Hanan Haviv, partner and head of the Hi-Tech department, along with partners Yuval Meidar, Dr. Ehab FarahandShachar Porat, and associate Gilead Reutlinger.
FBC acted for Haveli, led by partner Ron Sitton, and included partner Anat Shavit, associates Ori Cohen, Omer Kirzner and Fatima Mahmoud. FBC worked alongside Bailey Duquette P.C., a full-service law firm based in New York.
