M&A Deal Summary

Shandong Hongda Mining Acquires Jagex

On March 15, 2016, Shandong Hongda Mining acquired digital media company Jagex from Spectrum Equity and The Raine Group for 300M USD

Acquisition Highlights
  • This is Shandong Hongda Mining’s 1st transaction in the Digital Media sector.
  • This is Shandong Hongda Mining’s largest (disclosed) transaction.
  • This is Shandong Hongda Mining’s 1st transaction in the United Kingdom.
Investment Fate
  • Jagex was divested to a consortium of buyers in 2020 for 530M USD.
  • Jagex was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2016-03-15
Target Jagex
Sector Digital Media
Buyer(s) Shandong Hongda Mining
Sellers(s) Spectrum Equity
The Raine Group
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Jagex

Cambridge, United Kingdom
website
Jagex Ltd. is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

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Buyer(S) 1

Buyer

Shandong Hongda Mining

Ningyang, China

website


Category Company
Founded 1999
Sector Metals/Mining
DESCRIPTION

Shandong Hongda Mining Co., Ltd. is a ferrous metal mining company that produces iron powder, copper powder and iron ore.


DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Jagex

Cambridge, United Kingdom

Jagex Ltd. is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

Sell $530M

Seller(S) 2

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 4.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 41 of 66
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 27 of 40
Country (United Kingdom) 3 of 4
Year (2016) 1 of 6
Size (of disclosed) 21 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 Litmus

Cambridge, Massachusetts, United States

Litmus provides email optimization and collaboration solution for marketers. From Pre-Send campaign development and testing to Post-Send insights for future content optimization, Litmus improves marketing performance and strategy, delivering increased subscriber engagement. Litmus was founded in 2005 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Ancestry

Provo, Utah, United States

Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

Sell $2.6B
SELLER

The Raine Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Merchant Bank
Founded 2009
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Raine Group is a global merchant bank focused on advising and investing in businesses operating in the digital, media & entertainment and sports & lifestyle sectors. Raine's investment arm looks to invest $5 to $80 million per transaction. The Raine Group was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 3 of 8
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 C3 Presents

Austin, Texas, United States

C3 Presents, LLC produces, books, and markets live experiences, concerts, events, and music shows and festivals in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Vice Media

Brooklyn, New York, United States

Vice Media is a media company that engages in print, event, music, online, television (TV), and feature film business activities in the United States and internationally. Vice Media was founded in 1994 and is based in Brooklyn, New York.

Sell -