Striped glass surface with holographic color effects, close-up
Our Work

Latham & Watkins Advises Funko on US$263 Million Acquisition by The Chernin Group-Led Consortium of Class A Common Stock from ACON Investments

May 6, 2022
Firm represents the pop culture lifestyle brand in the transaction.

The Chernin Group (TCG), a multi-stage investment firm known for building and growing emerging consumer businesses in the media, commerce, and technology industries, and Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, have announced that a consortium led by TCG will be acquiring from ACON Investments 12,520,559 shares of Funko Class A common stock, or 80% of ACON Investments' stake in Funko, at US$21 per share.

Latham & Watkins LLP represents Funko in the transaction with a New York team led by M&A partner Robert Katz and capital markets partners Marc Jaffe, Ian Schuman, Benjamin Cohen, and counsel Lindsey Mills. Advice was provided on public company representation matters by partner Jenna Cooper, with associate Katie Marren; on tax matters by partner Alan Kimball; and on benefits & compensation matters by partner Bradd Williamson, with associate Alisa Hand.