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Non-public fairness group Carlyle has employed advisers to discover a sale for its Cambridge-based online game developer Jagex, based on individuals accustomed to the matter.
Jagex, which has developed video games together with Runescape, is working with bankers at Morgan Stanley, the individuals stated. The corporate might fetch greater than £1bn in a sale, the individuals stated.
Discussions are at an early stage and the timeline on a sale course of might final from the tip of this yr till the primary half of 2024, the individuals cautioned.
The corporate had beforehand been seen as a candidate for a UK preliminary public providing. A number of London-listed video-games builders, together with Codemasters and Sumo Digital, have disappeared from the general public markets in recent times following international takeovers.
Representatives for Carlyle and Morgan Stanley declined to remark.
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