Private Equity firm PAI Partners (PAI) is to sell Asmodee, a leading board game publisher and distributor, to Embracer Group (Embracer), a global public video game company.
The transaction is subject to customary closing conditions, including regulatory merger control clearance and work council consultations.
As part of the deal, PAI would also become a shareholder in Embracer, with approximately 4 per cent of the shares, enabling the firm to retain exposure to the attractive and fast-growing gaming and entertainment segments and to benefit from the value creation of the combined new group.
