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Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive

Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive

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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.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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