Saber Interactive has obtained backing from investors to assist in paying off its debt to Embracer
Saber Interactive has obtained funding from two private equity companies, aiding in settling its obligations to Embracer.
Aleph Capital Partners and Crestview Partners have revealed a "significant equity investment," without disclosing the amount, aiming to assist in Saber's expansion and acquisition objectives.
Following the deal, Jamie Rahamim from Aleph and Brian Cassidy from Crestview will join the board of directors at Saber.
"The involvement of Aleph and Crestview illustrates our achievements and the potential for future growth in the gaming industry," remarked Saber's CEO, Matthew Karch.
"After years of experience, I understand that the quality of your investment partners is crucial. I'm confident that Jamie and Brian, along with their teams at Aleph and Crestview, are ideal partners for Saber's journey ahead.
Saber was acquired by Embracer Group in a $525 million deal back in 2020. In mid-2023, Embracer unveiled a restructuring plan after a $2 billion deal with Savvy Games Group fell through.
Earlier this year, Saber reacquired itself from Embracer in a deal valued at up to $500 million.