Global investment firm The Carlyle Group (NASDAQ: CG) acquired Jagex, a Cambridge, UK-based developer and publisher of video games.
The terms of the transaction were not disclosed. Equity for the investment was provided by Carlyle Partners (CP) VII and Carlyle Europe Technology Partners (CETP) IV funds.
Led by Phil Mansell, CEO, Jagex is one of the largest and most successful British video game studios, developing and publishing video games on PC and mobile. The company is known for its online role-playing living game franchise RuneScape, which has attracted almost 300million player accounts since its launch 20 years ago.
Jagex employs more than 450 people.
Carlyle will leverage its global network, expertise and resources to support Jagex as it continues to drive growth by evolving the core RuneScape franchise through investment in R&D and increased content release rates, as well as launching new titles to diversify its portfolio and engage with a wide community of players.
Jagex employs more than 450 people at its Cambridge headquarters.