Embracer Group has carried out a primary issuance of shares of SEK 7.6 billion (approximately USD 890 million) at a subscription price of SEK 210 per share. The subscription price was determined through an accelerated book-building procedure.
Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. The group has an extensive catalogue of over 220 owned franchises. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its six operative groups: THQ Nordic GmbH, Koch Media GmbH/Deep Silver, Coffee Stain AB, Amplifier Game Invest, Saber Interactive and DECA Games. The Group has 59 internal game development studios and is engaging more than 5,500 employees and contracted employees in more than 40 countries.
Carnegie Investment Bank and Goldman Sachs acted as Global Coordinators and Joint Bookrunners while Citigroup, Berenberg Bank and Nordea acted as Joint Bookrunners.
Baker McKenzie acted as legal advisor to Embracer. Joakim Falkner, Ian Gulam and Johanna Flink from Baker McKenzie's Capital Markets team in Stockholm as well as Adam Farlow and Charles Farnsworth from the Firm's Capital Markets team in London were involved in the transaction.