Carnegie acted as financial advisor to the Board of Directors of Embracer in the divestment of selected assets from Saber Interactive. Through this divestment, Embracer ceases all operations in Russia, and immediately improves cash flow, and reduces capex, net debt and future liabilities. The buyer is Beacon Interactive, a company controlled by Saber Interactive co-founder Matthew Karch.
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. Saber Interactive is an independent developer and publisher of top-quality video games for PC, consoles and mobile platforms.