Haveli Investments acquires Budge Studios

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● PLATFORM | MEDIA/ENTERTAINMENT · Gaming

FEBRUARY 9, 2026

Haveli Investments acquires Budge Studios (General Atlantic)

TARGET

Budge Studios

Budge Studios is a mobile games developer known for children's entertainment apps.

Ownership	PE-backed · General Atlantic (prior owner); General Atlantic, BDC Capital (Business Development Bank of Canada)
Capital raised	$3M
Headcount	123 FTEs
Headquarters	Montreal, Canada
Leadership	Michael Elman, co-founder and co-CEO
Sell-side leads	Frederick Robson, VP (General Atlantic)
Sell-side advisor	The Raine Group

ACQUIRER

Haveli Investments

Private equity firm focused on technology and software investments.

Deal team	Ophir Lupu, senior MD
Buy-side advisor	—

Share deal Copy details View press release ↗

Haveli Investments -> Budge Studios  (2026-09-18)
buyout | Media/Entertainment | announced
Target: Budge Studios is a mobile games developer known for children's entertainment apps.
Website: budgestudios.com | Buyer site: haveliinvestments.com
HQ: Montreal, Canada | Ownership: pe-backed | Seller: General Atlantic
Advisors - Sell-side: The Raine Group
Source: Thematic - https://thematichq.com/software/d/haveli-investments-budge-studios.html

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