Karanovic & Partners has advised both parties on Embracer Group's sale of Saber Interactive to Beacon Interactive in a deal worth USD 247 million. Baker McKenzie reportedly advised the Embracer Group.
The Embracer Group is a global group of creative and entrepreneurial businesses in PC/console, mobile, and board games and other related media.
According to Karanovic & Partners, "the former CEO of Saber Interactive and part-time chief operating officer of the Embracer Group, Matthew Karch, established a company called Beacon Interactive earlier this year, which acquired Saber Interactive from its parent company, the Embracer Group. The Serbian studio, Mad Head Games, with its operations in Serbia and Bosnia and Herzegovina, will be among those parting ways with Embracer."
The Embracer Group had purchased Mad Head Games, a game development studio from Novi Sad, back in 2020 (as reported by CEE Legal Matters on November 20, 2020).
The Karanovic & Partners team included Senior Partner Milos Jakovljevic, Partner Ivan Nonkovic, Associate Jasmin Omerdic, and Junior Associates Teodora Vasin and Pavle Vucetic.