Saber Interactive successfully secured investment from two private equity firms for an undisclosed amount to pay off its debt to Embracer Group.
The investment was made by Aleph Capital and Crestview. The former was formed more than a decade ago by a former Goldman Sachs executive. The latter is a New York-based firm that manages a $10 billion fund.
Saber Interactive Secures Investment
Now, Saber Interactive will allocate the newfound funding to pay off its debt to Embracer Group and accelerate its growth initiatives.
Aleph Capital managing director and head of media Jamie Rahamin and Crestview president and head of media Brian Cassidi will join Saber co-founders.
The two of them, alongside Matthew Karch and Andrey Lone, are now members of Saber Interactive's board of directors.
Karch said that the private equity firm's investment is a testament to what they have built and what they can still achieve, according to GameWorldObserver.
He also said that while Saber Interactive has more than 3,000 staff members, it still feels like a "startup" that has tremendous opportunity for "rapid growth." The latest deal's financial terms remain undisclosed to the public.
Embracer Group recently received $168.4 million from Beacon Interactive as part of the Saber divestment. The latest financial investment should work to help finalize the buyout process.
Karch added that he has been in the industry long enough to know that the most important aspect of any investment is who the partners are.
He said that he is confident that Jamie and Brian and their respective teams are a right fit for Saber Interactive, said GamesIndustry.
Embracer Group acquired Saber Interactive in 2020 for $525 million and three years later announced a restructuring program. This was done after Savvy Games Group backed out of a $2 billion deal with the firm.
Supporting Dynamic Companies
Rahamin noted that the new investment aligns with the studio's strategy of supporting dynamic companies that have the potential to shape the future of their industries. He added that they are looking forward to partnering with Saber Interactive's talented leadership team.
The undisclosed investment comes as Saber Interactive has had a relatively eventful year so far. It parted ways with Embracer Group and the studio released Warhammer 40,000: Space Marine 2. The game launched to 2 million players on launch day.
The latest game in the franchise faced a slight hiccup when an unfinished, year-old build leaked back in July. Saber Interactive had asked players to avoid the leak to preserve the launch experience, according to GameDeveloper.
