Greenberg Traurig has advised the PCF Group on its public offering of newly issued shares.
The PCF Group owns the People Can Fly game studio which was founded in 2002. People Can Fly has developed such games as Painkiller, Bulletstorm, Gears of War: Judgment, and Outriders.
According to Greenberg Traurig, “the newly issued shares were almost entirely subscribed for by Krafton, a South Korean video game developer, pursuant to the investment agreement concluded in March this year. The value of the transaction amounted to almost PLN 135 million.”
Greenberg Traurig had also advised PCF on the Krafton investment agreement earlier this year (as reported by CEE Legal Matters on April 11, 2023).
The Greenberg Traurig team included Partner Rafal Sienski, Senior Associate Grzegorz Socha, and Junior Associates Kamil Nagawski and Szymon Swierszcz.
Greenberg Traurig did not respond to our inquiry on the matter.