- 01
On 23 April 2021, PCF Group S.A. subsidiary PCF Chicago acquired the 18-person development team of Phosphor Games, LLC.
- 02
The new studio officially commenced operations on 1 May 2021, with three founding members of Phosphor Games joining the PCF Chicago team.
- 03
PCF Chicago assumed the lease of the existing Phosphor Games office in Chicago to serve as its new North American headquarters.
- 04
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.
- 05
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.
- 06
All acquired staff signed new employment agreements under PCF Group standards, which include updated bonus schemes and non-compete, non-solicitation, and confidentiality clauses.