My.Games Management to Buy Out Company With UAE Investor Backing
My.Games, the Dutch studio group with Russian roots behind Knights Peak, is changing hands for the second time in four years, this time via a management buyout.
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giftdetect· the right gift in minutesMy.Games, the Netherlands-based gaming company with Russian roots and owner of the Knights Peak publishing label, is set to change owners for the second time in four years. Its current management will take control, backed by money from the United Arab Emirates.
According to the announcement, Leta Capital founder Alexander Chachava has decided to sell the company to CEO Elena Grigorian and COO Denis Savuta. The transaction is expected to close by the end of 2026. The price has not been disclosed, but the buyout was made possible by financial support from private investor Georgy Nurislamov, based in the UAE.
Background of the deal
In October 2022, VK sold My.Games to Chachava for $642 million. In December of that year the business split in two: a Russian arm, Astrum Entertainment, and an international company that left the Russian market.
Preparations for the new agreement began in 2025. Chachava says that after a competitive sale process, the offer from the current management proved the strongest.
What changes
Grigorian and Savuta intend to lead My.Games into its next phase of development. The company will keep its name, leadership, and its relationships with customers, partners and employees.
Beyond Knights Peak, whose titles include Tempest Rising and Hela: of Mice & Magic, My.Games owns the Cyprus-based studio Pixonic, maker of War Robots, and the marketing and analytics platform AdsAdvisor. All of these are expected to remain within the group after the deal closes at the end of the year.
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