Embracer Group Mergers and Acquisitions Presentation Deck
High-Level Transaction Summary
Acquisition Rationale
Two of the most reputable AAA
studios in Crystal Dynamics
and Eidos Montréal
• Iconic IPs including Tomb
Raider, Deus Ex, Thief and
Legacy of Kain
• Talented employees with
decades of AAA experience
Exciting pipeline of new
installments and original IPS
Significant organic growth
opportunities and synergies
within the Embracer Group
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Transaction Details
Total purchase price of USD
$300 million paid at closing
Crystal Dynamics (HQ: San
Mateo, CA, US); Eidos
Montréal (Montréal, CA); and
Square Enix Montréal
(Montréal, CA)
In total, ~1,100 FTEs across 3
studios and 8 locations
Portfolio of AAA IPs and over
50 back-catalogue games
Expected to close 2Q FY
22/23 (July-September 2022)
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Financial Outlook for
Acquired Companies
Extensive due diligence
performed to fully understand
the acquired businesses
Breakeven or smaller
Operational EBIT contribution
for FY 22/23 and FY 23/24
with some upside potential
• When AAA pipeline matures,
we believe the companies will
generate in average at least
SEK 500 million in Operational
EBIT per year with notable
upside potential
Financing &
Current Trading
New secured LT debt funding
commitment of SEK 4.0 billion
and extended one existing
loan of SEK 6.0 billion
With the inclusion of the new
facility, over SEK 10.0 billion in
available cash and credit
facilities by today's date
Under the new terms, no ST
debt on the balance sheet. No
expiry before 30 June 2023
Reiterate Group operational
EBIT forecast for FY21/22,
FY22/23, and FY23/24
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