Updated Mar 23, 2026 by PCF Group
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.
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.