RuneScape Developer Jagex Officially Acquired by Two Private Equity Firms

Jagex, the developer of legendary MMORPG RuneScape, has been acquired by two private equity firms for an undisclosed amount.

Published: February 9, 2024 10:03 AM /


A blond character wielding a hammer in the midst of a town in the Jagex game RuneScape

RuneScape and Scum developer Jagex has been acquired by two private equity firms for an undisclosed sum.

In a press release, investment companies CVC Capital Partners and Haveli Investments announce that they have acquired the British studio, confirming a Sky News report from earlier this week.

That same Sky News report suggested that CVC, which is also a backer of the prestigious Six Nations rugby tournament, would pay around £900 million (about $1.137 billion) for the studio, but CVC and Haveli haven't disclosed the terms of the transaction.

A lineup of characters from the Jagex MMORPG RuneScape
Jagex is best known for developing MMORPG RuneScape.

In the press release, CVC and Haveli say that Jagex enjoyed "a hugely successful 2023", bringing "record subscribers" to both RuneScape and Old School RuneScape.

Jagex CEO Phil Mansell says that CVC and Haveli will help his studio "build on our portfolio of forever games", and that the studio will continue to create "more of the experiences our fans love".

As well as developing MMORPG RuneScape, Jagex also publishes the open-world survival game Scumhaving acquired Scum developer Gamepires in 2022.

That's not the only developer Mansell's studio bought in 2022, either; the British developer also acquired Oregon studio Pipeworks, known for co-development on games like Terraria and Devil May Cry: HD Collection, that same year.

Four characters from the Jagex survival game Scum lined up in a dark forest
You may also know Jagex's name from the open-world survival game Scum.

Of course, Jagex has been through its own acquisition saga, and it's full of twists and turns.

Once owned by Chinese company Fukong Interactive, Jagex was sold to the holding company Macarthur Fortune Holding in 2020.

Following this sale, the investment company Carlyle Group attempted to purchase Jagex in January 2021, but found itself at the center of an ownership dispute involving private equity firm Plutos Sama, which claimed it had the rights to the RuneScape studio.

The sale to Carlyle Group eventually went through, however, and it's from Carlyle Group that CVC and Haveli are purchasing Jagex. Thankfully, this sale seems to be a great deal more straightforward. Stay tuned for more.

Have a tip, or want to point out something we missed? Leave a Comment or e-mail us at

Joe Allen's profile picture
| Senior Writer

Joe has been writing for TechRaptor for five years, and in those five years has learned a lot about the gaming industry and its foibles. He’s originally an… More about Joseph