Embracer Group Mergers and Acquisitions Presentation Deck
The Transaction maximum consideration of $1378m
UPFRONT CONSIDERATION
$363m with a corresponding Enterprise Value of
$363m on a cash and debt free basis
Paid with $175m in shares¹ and $188m in cash
UP TO SIX YEARS EARNOUT
Up to $300m million over 6 years conditioned on
operational targets and up to $715m over six years
conditioned on financial² targets.
Paid with c.$360m in shares³ and c.$655m in cash
Randy Pitchford (CEO) and management
is retained and incentivized
Revenue
Adjusted Operational EBIT
1 052
FINANCIALS
317
Gearbox constitutes
Embracer Group's
7th Operative Group
1 037
Frisco, TX (USA)
2019
POST DEAL CORPORATE STRUCTURE
YTDSep20
417
gearbox
entertainment.
(MSEK)
Gearbox Entertainment, Frisco, TX (USA)
HQ and Business operations
Development studios
EMBRACER+
GROUP
Quebec City, Quebec (CA)
nd including 2 February 2021
February
1) The closing consideration shares represent newly issued EMBRAC B shares priced at SEK 197.57 (20 day volume weighted average price up to and including 2
2) The financial earnout is payable in two installments after four and six years with a catch-up opportunity in year 6.
3) The earnout consideration shares will be issued when earned priced at 197.57 (20 day volume weighted average price up to and including 2 February 2021) and will be freely tradeable when issued.
2021) and lock-up rights.
EMBRACER
GROUP
16View entire presentation