Funds advised by Permira Debt Managers (PDM), a specialist debt investor, are acting as senior secured lender to the new investment by The Carlyle Group in Jagex, an independent video game developer in the UK.
The support continues PDM’s focus on high quality growing businesses, particularly in the tech sector.
Headquartered in Cambridge, UK, and employing more than 450 people, 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 best known for its online role-playing living game franchise RuneScape, which has attracted almost 300 million player accounts since its launch 20 years ago. Jagex has grown its RuneScape titles to a USD1 billion franchise. The titles, which are played by a vibrant community of millions all around the world, are currently enjoying peak global popularity. 2020 saw record numbers of subscribing players, more than half of which are in the United States.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.