Embracer Group, a global public video game company, has agreed with PE firm PAI Partners to buy Asmodee. Asmodee is a leading board game publisher and distributor. However, the agreement with PAI is still subject to customary closing conditions.
These include conditions such as regulatory merger control clearance and work council consultations. If Asmodee shareholders agree to sell, Embracer and the Asmodee will execute a share purchase agreement to complete the transaction.
As per the transaction, details revealed by Embracer group, PAI group, and certain other minority shareholders will receive $395 million in newly issued Embracer B shares and approximately $2.7 billion in cash and debt refinancing.
The transaction is highly accretive to PAI shareholders. PAI first bought As...
