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Runescape maker Jagex sold to investors for estimated $1.1B
Global investment firm Carlyle and CVC have agreed to sell Runescape maker Jagex to CVC Capital Partners Fund VIII and Haveli Investments.
Apply to speak here During its ownership, Carlyle said it worked in partnership with Jagex’s management team to increase growth across its core titles through operational improvements including marketing and CRM initiatives; broaden the distribution of its games portfolio through new channels and platforms; execute M&A to expand the Jagex platform and create a strong independent player in forever games; and invest in new content releases, user acquisition, gameplay experience, and portfolio diversification. Smith added, “Private equity generally only invests in businesses that it is confident it will be able to meaningfully grow within a five year horizon, so this is a reassuring indication of CVC’s outlook on at least certain parts of the industry.” “This news is hopefully a sign of the gaming industry in the UK settling back into a more sustainable growth model after the plateau in 2022 and 2023, and embracing development studios that have a reputation for fostering long-term community over short-term monetization,” Smith said.
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