- 01
PCF Group S.A. acquired the Phosphor Games development team in Chicago, Illinois, to establish a permanent North American production presence.
- 02
The transaction, executed via subsidiary People Can Fly Chicago, LLC, resulted in the transition of 18 developers, including the three original founders of Phosphor Games.
- 03
The new studio officially commenced operations under the People Can Fly brand on May 1, 2021.
- 04
The acquisition included the transfer of the existing Chicago office lease to serve as the new studio's headquarters.
- 05
Employment terms for the transitioning staff were standardized to align with the parent company's global compensation and bonus structures.
- 06
The deal included founder-provided indemnification to protect the acquiring entity from liabilities related to the previous operations of Phosphor Games.
- 07
Financial backing for the expansion was facilitated through an internal loan provided by the parent company to its U.S. holding entity.