The Chernin Group-Led Consortium Makes $263M Investment in Funko
May 5, 2022
A consortium led by The Chernin Group (TCG) will make a $263 million strategic investment in Funko, Inc. in an all-secondary transaction, acquiring 12,520,559 shares from ACON Investments and taking a 25% ownership stake post-closing. Additional investors in the consortium include eBay, Robert A. Iger and Rich Paul; TCG will designate two board directors and Funko will enter a commercial partnership naming eBay the preferred secondary marketplace.
- Buyers
- The Chernin Group, eBay Inc., Robert A. Iger, Rich Paul
- Targets
- Funko, Inc.
- Sellers
- ACON Investments
- Industry
- Consumer Products
- Location
- Washington, United States
- Transaction Type
- Growth capital
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