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CVC Capital Partners and Haveli Investments agree to acquire Jagex
Saturday, February 17, 2024
Acquisition announced following continuous growth of leading British developer and publisher
CAMBRIDGE, England, Feb. 9, 2024 /PRNewswire/ -- Global private equity and investment advisory firm CVC Capital Partners (CVC Funds) and Haveli Investments today announced it has agreed to acquire Jagex, a leading developer and publisher of video games. Terms of the transaction were not disclosed.
Headquartered in Cambridge, Jagex employs over 700 people worldwide and creates forever games for PC, Mobile and Console that empower its communities. RuneScape, its flagship franchise has generated more than $1.5 billion in lifetime revenue, over its 23-year history. Jagex acquired Pipeworks and Gamepires in 2022, expanding its cross-platform capabilities and bringing its expertise in creating forever fans to SCUM, an open-world survival title in Steam Early Access.
Jagex enjoyed a hugely successful 2023, with record subscribers for its RuneScape and Old School RuneScape titles and building its strong partnership with Gamepires ahead of Scum's PC and Console launch in 2024.
CVC Capital Partners, headquartered in Luxembourg, is one the world's largest private equity firms, with over EUR188bn assets managed within its portfolio. With investments in the global sports field, such as the Gujarat Titans, LaLiga, Lique De Football Professionnel, Premiership Rugby and the Women's Tennis Association (WTA), CVC Capital Partners has rich form in growing fan-focused businesses on the global stage. CVC Capital Partners will support Jagex by leveraging its expertise and resources to assist the company's continued subscriber and revenue growth, alongside its community driven philosophy as it looks to build upon the success of RuneScape and Old School RuneScape and create more forever games under the Jagex brand.
Haveli Investments is an Austin-based private equity firm that seeks to partner with innovative companies, entrepreneurs and management teams. Haveli's Gaming Fund has previously invested in London-based Omeda Studios, whose title Predecessor is currently in Early Access, Montreal-based Behaviour Interactive, the developer and publisher behind the hit online, genre-leading horror game Dead by Daylight and Tel Aviv-based Candivore, the developer and publisher of the category leading mobile hit Match Masters.
Jagex was acquired by Carlyle in 2021, supporting Jagex with the acquisitions of Pipeworks and Gamepires in 2022, while Jagex continued to deliver year-on-year performance gains.
Phil Mansell, CEO, Jagex, said, "I'm delighted to welcome CVC Capital Partners and Haveli Investments as strategic partners for Jagex. CVC and Haveli will help Jagex build on our portfolio of forever games, furthering our aims of supporting and growing our community of forever fans. Together we'll create more of the experiences our fans love, innovate to empower our players further, and build new forever games that capture imaginations." He continued, "The support from Carlyle has been exceptional, and that success has positioned Jagex for the future. With the continued growth of our flagship RuneScape franchise, we're crafting more adventures to delight our forever fans, and we're excited about the future, as we create new experiences that play to our strengths of putting our communities at the heart of everything we do."
For more information about Jagex, please visit: www.jagex.com
About Jagex?
A leader in creating deep and engaging live games on PC and mobile, Jagex's flagship MMORPG, RuneScape, has welcomed over 320 million player accounts to its world and is a $1.5 billion lifetime revenue franchise. Today the RuneScape franchise exists beyond live operations; our titles are forever games that connect and inspire millions of players, with content and experiences both inside and outside of inexhaustible game worlds. Both RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds and our community-focussed development ethos empowers players to have a real say in how each game is shaped.
Jagex has expanded with the acquisitions of Pipeworks and Gamepires, bringing its expertise in building forever games to SCUM, a multi-million selling open-world survival title in Steam Early Access. Jagex employs more than 700 people globally, and is headquartered in Cambridge, United Kingdom.
More information can be found at www.jagex.com
View original content:https://www.prnewswire.com/news-releases/cvc-capital-partners-and-haveli-investments-agree-to-acquire-jagex-302058541.html
SOURCE Jagex
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