Haveli Investments has agreed to acquire Budge Studios, a Montreal-based developer of children's interactive entertainment apps. The seller, General Atlantic, will exit its position in the company founded in 2010. Financial terms of the transaction were not disclosed, though the deal marks another move in the growing children's digital content sector.

Budge Studios specializes in creating educational and creative apps for children, positioning itself in a competitive market for youth-focused digital entertainment. Michael Elman and David Lipes serve as co-CEOs of the company, which has built a portfolio of interactive content designed for young audiences. The acquisition by Haveli Investments suggests continued interest in digital platforms targeting family and educational markets.

The transaction reflects broader trends in private equity investment in digital entertainment and educational technology. As screen time for children continues to grow, companies developing age-appropriate, educational content have become increasingly attractive acquisition targets. This deal adds to the consolidation happening in the children's app development space.