Greenberg Traurig has advised the People Can Fly Group on its PLN 20 million acquisition of a 50.01% controlling stake in Incuvo from Estonia's Blite Fund. Domanski Zakrzewski Palinka advised the seller.
According to DZP, Blite Fund will also receive an additional amount of up to PLN 11.6 million, with the final amount depending on the profit generated in the reference period.
The PCF Group is a video game developer specializing in shooter games. Incuvo is a Polish game developer for virtual reality platforms. The company’s shares are listed on NewConnect, the alternative trading system operated by the Warsaw Stock Exchange.
"We welcome Incuvo into the PCF family," PCF Group CEO Sebastian Wojciechowski commented. "We are closing our first year as a public company on a high note and are expanding the Group’s competencies in a new, prospective field. While cooperating with Incuvo, we became convinced that they’re a partner worth investing in, also in the context of growing variety in PCF’s portfolio."
Greenberg Traurig also advised the PCF Group on its IPO and admission to trading on the Warsaw Stock Exchange (as reported by CEE Legal Matters on December 23, 2020).
The Greenberg Traurig team was led by Local Partner Mateusz Zalenski and included Partner Rafal Sienski and Associates Grzegorz Socha and Michal Baldowski.
The Domanski Zakrzewski Palinka team consisted of Partner Andrzej Foltyn, Senior Associate Piotr Jackowski, and Associate Filip Lisak.