Updated Mar 17, 2026 by PCF Group
PCF Group S.A. acquired the Chicago-based Phosphor Games development team to facilitate its strategic expansion into the United States market.
The acquisition was executed through a newly formed subsidiary, People Can Fly U.S., LLC, which was finalized on April 23, 2021.
PCF Group S.A. provided a $5,000,000 intercompany loan to its U.S. subsidiary to fund the acquisition and operational integration.
The ten-year loan carries an interest rate of LIBOR plus two percentage points and is secured by the U.S. entity's assets, including its intellectual property.
Prior to the acquisition, Phosphor Games operated as a subcontractor for People Can Fly projects under a work-for-hire agreement.
The company delayed the public disclosure of the transaction from the March 31, 2021, letter of intent until the April 23, 2021, closing to prevent third-party interference and ensure negotiation stability.
PCF Group S.A. acquired the Chicago-based Phosphor Games development team to facilitate its strategic expansion into the United States market.
The acquisition was executed through a newly formed subsidiary, People Can Fly U.S., LLC, which was finalized on April 23, 2021.
PCF Group S.A. provided a $5,000,000 intercompany loan to its U.S. subsidiary to fund the acquisition and operational integration.
The ten-year loan carries an interest rate of LIBOR plus two percentage points and is secured by the U.S. entity's assets, including its intellectual property.
Prior to the acquisition, Phosphor Games operated as a subcontractor for People Can Fly projects under a work-for-hire agreement.
The company delayed the public disclosure of the transaction from the March 31, 2021, letter of intent until the April 23, 2021, closing to prevent third-party interference and ensure negotiation stability.