16 Dec 2025

Baker McKenzie advises Embracer Group and Coffee Stain on Coffee Stain spin-off and Nasdaq First North Premier Growth Market listing in Stockholm

"Baker McKenzie advised Embracer Group and Coffee Stain Group on the spin-off of Coffee Stain and the subsequent listing of Coffee Stain Group's class B shares on Nasdaq First North Premier Growth Market in Stockholm. Trading commenced on 11 December 2025. Coffee Stain Group comprises around 250 employees and 13 studios, including Coffee Stain, Ghost Ship and Tuxedo Labs."

Baker McKenzie acted as legal advisor to Embracer Group and Coffee Stain Group in connection with the spin-off of Coffee Stain and the subsequent listing of Coffee Stain Group on Nasdaq First North Premier Growth Market in Stockholm. Following the spin-off from Embracer Group, trading in the class B shares of Coffee Stain Group AB (publ) commenced on Nasdaq First North Premier Growth Market in Stockholm on 11 December 2025. Coffee Stain Group brings together Scandinavian game developers and publishers with a portfolio of community-driven games primarily for PC and console. The Group has a proven track record of building successful titles such as Goat Simulator, Satisfactory, Deep Rock Galactic, Valheim, Teardown and Welcome to Bloxburg. The Group comprises around 250 employees and 13 game studios, including Coffee Stain, Ghost Ship and Tuxedo Labs. Embracer Group is a global group of creative and entrepreneurial businesses operating in PC/console, mobile and other related media. Baker McKenzie represented Embracer Group and Coffee Stain Group with a team composed by: Stefan Balazs, Johanna Flink, Olof Larsson and Nanna Trulsson (Capital Markets).
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