Embracer Group has announced plans to split itself into three unique game companies: Asmodee, Coffee Stain and Friends, and Middle-earth Enterprises and Friends. Each entity will exist as a separate and publicly listed company on the Nasdaq Stockholm.
Asmodee, which has a rich portfolio of over 300 IPs, will function as a tabletop games publisher. The company has several licensed tabletop games in development based on properties like Game of Thrones, Lord of the Rings, and more, and has released highly successful games like Exploding Kittens and Catan. It’s worth noting that Embracer Group has–through Asmodee–entered into a new financing agreement with several banks as part of its plans to “repay existing debt and reduce leverage” in the remaining Embracer Group. As part of the arrangement, Asmodee has been valued at $958 million.
Coffee Stain and Friends will “better showcase its high-margin profile and strong cash flow,” according to Embracer and it is comprised of Coffee Stain, Ghost Ship, Tarsier, Tuxedo Labs, Amplifier Game Invest, and publisher THQ Nordic. This company will have more than 200 IPs in its portfolio, including Deep Rock Galactic, Goat Simulator, Satisfactory, Wreckfest, Teardown, and Valheim, which it partly owns. There’s also the free-to-play side of the company, with games like Cryptic and published titles based on popular IPs like Star Trek Online.