ReportPCF Group
Raport Bieżący Nr 13/2021: Przejęcie Zespołu Deweloperskiego Phosphor Games, LLC
1 pages~2 min full read
On 23 April 2021, PCF Group S.A. subsidiary PCF Chicago acquired the 18-person development team of Phosphor Games, LLC.
The new studio officially commenced operations on 1 May 2021, with three founding members of Phosphor Games joining the PCF Chicago team.
PCF Chicago assumed the lease of the existing Phosphor Games office in Chicago to serve as its new North American headquarters.
The acquisition was financed through a loan provided on 31 March 2021 by People Can Fly U.S., LLC, a wholly owned subsidiary of PCF Group.
To mitigate risk, Phosphor Games’ founders provided a joint indemnity commitment protecting PCF Chicago from third-party claims related to prior tax, employment, and business activities.
All acquired staff signed new employment agreements under PCF Group standards, which include updated bonus schemes and non-compete, non-solicitation, and confidentiality clauses.
The report details the acquisition of Phosphor Games’ development team by People Can Fly Chicago, LLC (PCF Chicago), a subsidiary of PCF Group S.A. The transaction occurred on 23 April 2021, with the new studio commencing operations on 1 May 2021. PCF Chicago secured an eighteen‑person team, including three founding members of Phosphor Games. Employment agreements were signed under PCF Group standards, incorporating a new bonus scheme, while confidentiality, non‑solicitation, and non‑compete clauses were enforced. Separation agreements terminated prior collaborations with Phosphor Games as of 30 April 2021.
Liability protection was achieved through a joint indemnity commitment by Phosphor Games’ founders, shielding PCF Chicago and related entities from third‑party claims linked to former activities, including employment and tax obligations. Additionally, PCF Chicago assumed the lease of Phosphor Games’ Chicago office to serve as its headquarters. Financing for the acquisition was sourced from a loan granted on 31 March 2021 by People Can Fly U.S., LLC, a wholly owned subsidiary of PCF Group.
The scope covers the United States, specifically Chicago and New York, within the video‑game development sector. The report reflects a corporate restructuring aimed at consolidating talent and assets under the PCF Group umbrella, enhancing operational efficiency and expanding its North American presence.
