Funds advised by Permira Debt Managers support The Carlyle Group’s investment in Jagex a leading developer and publisher of video games26 February 2021
Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, today announces that funds it advises are acting as senior secured lender to the new investment by The Carlyle Group in Jagex, the largest 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 $1 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.
The funds advised by PDM have now supported over 250 European companies with ~€11bn of capital since PDM’s inception in 2007.