- 01
PCF Group S.A. acquired 100% of Montreal-based Game On Creative, Inc. for approximately 29.37 million PLN to bolster its AAA game development and cinematic production capabilities.
- 02
The seller, Fiducie familiale Samuel Girardin 2020, will reinvest the entire 29.37 million PLN proceeds into 387,714 new Series D shares of PCF Group S.A. at 75.75 PLN per share, representing a 1.29% stake.
- 03
Game On founder Samuel Girardin will join PCF Group as Studio Head and President of People Can Fly Canada, Inc. while retaining his leadership role at Game On.
- 04
The acquisition includes an earn-out provision tied to Game On’s EBITDA performance from 2021 through 2025.
- 05
The newly issued Series D shares are subject to staggered lock-up agreements that remain in effect through late 2024.
- 06
PCF Group CEO Sebastian Wojciechowski provided a conditional call option on his personal shares to the seller as a safeguard should the new share issuance fail to be registered.
- 07
Game On will maintain its existing business model, continuing to provide animation, motion capture, and audio services to third-party clients alongside its internal work for PCF Group.