WARSAW – 18 August 2023 – Greenberg Traurig advised PCF Group on its public offering of new shares addressed to Polish and international investors. The offer followed-up the issuance of Series F shares finalized in June. Some of the newly issued shares were offered to KRAFTON, a South Korean video game developer, pursuant to the investment agreement concluded in March this year.
The value of the transaction exceeded PLN 100 million.
Greenberg Traurig advised on all aspects of the transaction as well as on the previously concluded investment agreement and the Series F shares issue.
The transaction was led by Rafał Sieński, Partner and Co-Head of the Capital Markets Practice.
The team also included Senior Associate Grzegorz Socha and Junior Associates Szymon Świerszcz and Natalia Potrubacz.
People Can Fly was founded in 2002 and is one of the pioneers on the market for shooter games in Europe, and one of the top three most experienced Polish developers of games from the AAA segment. People Can Fly has developed such games as Painkiller (launched in 2004), Bulletstorm (2011), Gears of War: Judgment (2013) and Outriders (2021).
The shares of PCF Group, which owns the People Can Fly studio, have been listed on the Warsaw Stock Exchange since December 2020.