Embracer Group AB has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games.
In total, the acquisition includes approximately 1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. The transaction is subject to various regulatory and other external approvals and is expected to close during the second quarter of Embracer’s financial year 22/23.
Vinge has advised Embracer in connection with the signing of a new SEK 4 billion facilities agreement with SEB, Nordea and Swedbank for the purpose of, amongst other things, financing the acquisition and an extension of its existing SEK 6 billion bridge loan.