Carlyle Group Agreed To Sell Jagex To CVC Capital Partners And Haveli Investments; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Carlyle Group (CG) has agreed to sell Jagex, a leading video game developer and publisher, to CVC Capital Partners Fund VIII and Haveli Investments. The terms of the deal were not disclosed.
February 09, 2024 | 9:48 am
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Carlyle Group has agreed to sell Jagex to CVC Capital Partners and Haveli Investments, indicating a strategic divestiture.
The sale of Jagex by Carlyle Group to CVC Capital Partners and Haveli Investments could be seen as a strategic move to reallocate resources or focus on other areas of their portfolio. Without details on the terms, it's challenging to assess the financial impact directly, but divestitures often lead to a positive short-term reaction in the stock market as they can free up capital and potentially remove underperforming or non-core assets from a company's portfolio.
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