Embracer Group AB, through Koch Media GmbH, has entered into an agreement to acquire 100 percent of the shares in the Poland-based Flying Wild Hog from Supernova Capital LLP.
Flying Wild Hog is a growing independent Polish developer of AA+ PC and console games such as the Shadow Warrior series.
As a result, through the acquisition, Embracer onboards a reputable team of 260+ people across three studios in Poland.
Purchase price is equivalent to MUSD 137.2 on a cash and debt free basis and is paid in cash to Supernova Capital LLP, an private equity firm in the games sector.
Also, a management incentive program has been set up in order to align interests going forward.