Fundamental Capital has acquired Funko, a designer and marketer of licensed collectible products such as vinyl figures, bobble-heads and plush characters.
“Over the last several years, CEO Brian Mariotti and the entire Funko team have built an exceptional business in the space where collectibles and pop culture meet. We are honored and excited to partner with management to take part in the next phase of Funko’s growth,” said Rich McNally, a Partner at Fundamental Capital.
Funko designs, imports and markets an array of collectible products under licensing agreements with most of the leading creators and marketers of pop culture today. Funko deploys these licenses across several product platforms including vinyl figures, bobble-heads and plush characters. The company’s products are sold to a diverse customer base that represents most major retail channels. Funko is based in Lynnwood, WA (www.funko.com).
Fundamental Capital invests in small to mid-sized growth companies operating in the consumer products and services sectors that have revenues between $5 million and $50 million and EBITDA of at least $2 million. The firm was founded in 2004 and is based in San Francisco (www.fundamentalcapital.com).
Greene Holcomb Fisher (GHF) advised Funko on this transaction. “We are thrilled to have had the opportunity to work with the Funko team to help facilitate this recapitalization. Funko is one of the most unique and creative pop-culture companies in the country today and this transaction will enable them to continue their rapid growth domestically and internally,” said Cameron Hewes, Managing Director at GHF.
Greene Holcomb & Fisher maintains offices in Minneapolis, Phoenix, Seattle and Atlanta and specializes in middle market mergers and acquisitions, private placements and financial advisory services (www.ghf.net).
“Our entire management group is looking forward to working with Fundamental Capital as we continue to execute our growth plan. The team at GHF did an outstanding job helping us to find the right structure and partner to meet our needs,” said Brian Mariotti, CEO of Funko.
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-14-13
