January 26, 2021
The Carlyle Group acquires Jagex, a developer and publisher of video games.
Jagex is a British video game studios, developing and publishing video games on PC and mobile. The company is best known for its online game franchise RuneScape, one of the world’s longest running online video games. Jagex is headquartered in Cambridge, UK, and employs more than 450 people.
Phil Mansell, CEO of Jagex, said: “I am so proud that Jagex is teaming up with Carlyle, a prestigious investment group that believes in the potential of Jagex, our vision for growth, and will support us in accelerating our multi-year growth strategy. We will continue to expand our game teams to create and deliver more great content for RuneScape and Old School RuneScape. We will continue to create exciting experiences for our players, grow our global communities, build new games to expand and further explore the RuneScape universe, lend our expertise to publish third-party games from like-minded online game developers, and invest in the incredible tech and talent that powers this all.”
Patrick McCarter, Managing Director at Carlyle, added: “The global video games market is large and growing, and within this the global massively multiplayer online role-playing game (MMORPG) sub-sector is particularly attractive. We have been impressed with Jagex’s market position, strong track record of revenue and market share growth, as well as the experience and passion of the team.”