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Latham Advises Savvy Gaming Group on Investment in Embracer Group
June 8, 2022
London team represents renowned games and esports company.
Latham & Watkins has advised Savvy Gaming Group, a prominent games and esports company, on its minority stake investment in Embracer Group AB.
Embracer Group will issue approximately 99.9 million B shares at a subscription price of SEK103.47 per share. Upon settlement, Savvy Gaming will hold approximately 8.1% of Embracer Group’s share capital and 5.4% of the votes in the company. The aggregate investment by Savvy Gaming amounts to approximately US$1.06 billion.
Earlier this year, Latham advised FACEIT on its acquisition by Savvy Gaming and business combination with ESL Gaming.
The Latham team was led by London corporate partners Mike Turner and James Inness, with associates Adam Czernikiewicz and Emil George.