I have written a JSFiddle with the expected output and output my code is currently doing. The two different values must be parsed as either a colon or a semi-colon as I need to know what one line to parse in php is.
var data = "key=update.repositories&value=xime+mcsg+mcsg-maps&key=server.minPlayersToStart&value=12";
data.replace(/&v/g, ":v");
data.replace(/&k/g, ";k");
$(".encData").text(data);
Fiddle found here: http://jsfiddle.net/RS6xC/1/