Harris Williams & Co. Advises Funko, LLC on its Sale to ACON Investments, L.L.C.

November 2, 2015

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Funko, LLC (Funko), a provider of branded pop culture products, to an affiliate of ACON Investments, L.L.C. (ACON). Harris Williams & Co. served as the exclusive advisor to Funko, a portfolio company of Fundamental Capital, LLC (Fundamental Capital). Fundamental Capital will retain a board seat and a significant ownership stake in Funko. The transaction was led by John Neuner, Brent Spiller, Matt Conaty and Zach England of Harris Williams & Co.’s Consumer Group.

“Brian Mariotti, his senior leadership team and Fundamental Capital have done a tremendous job establishing and building a new category in the pop culture market, and ACON will be a great new partner to Funko, sharing management’s vision for where they can take the company both domestically and internationally,” said John Neuner, a managing director at Harris Williams & Co. “Funko is truly an innovative market leader, and we look forward to following the continued growth of the business as they continue to develop new brands and product segments.”

“The Funko transaction is the latest example of the firm’s longstanding track record of generating superior results for high growth, disruptive consumer businesses. The firm’s experience has enabled it to become a leading advisor to some of the most innovative companies in the consumer products sector,” said Brent Spiller, a director at Harris Williams & Co.

Funko, founded in 1998 and located in Everett, Washington, is a pioneer in its industry and is the largest, fastest-growing provider and innovator of branded pop culture products to a diverse range of consumers. Funko’s multiple, stylized brands serve as a unique link in the pop culture market as they connect today’s consumers with their favorite entertainment programs and characters. Funko has built entrenched and long-term relationships and an expansive library of 250+ properties with a diverse base of 100+ studio/content providers whose evergreen properties and new releases drive a robust pipeline of new products and recurring revenue.

Based in San Francisco, Fundamental Capital is a private equity firm that invests in small to mid-sized growth companies, focusing on consumer-based businesses. With extensive operating experience at the partner level, the firm provides not only capital, but also deep, hands-on strategic, operating and financial guidance to grow the companies in its portfolio. 

ACON is a Washington, DC-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the U.S. and Latin America. Founded in 1996, ACON has responsibility for managing approximately $4.2 billion of capital. ACON has professionals in Washington, DC, Los Angeles, Mexico City, São Paulo and Bogotá.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence.  Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail.  For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.