WARSAW – 22 June 2023 – Greenberg Traurig advised PCF Group on its public offering of newly issued shares. 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 advised on all aspects of the transaction as well as on the previously concluded investment agreement.
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 Kamil Nagawski and Szymon Świerszcz.
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.
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GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Antitrust/Competition.
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