M&A Deal Summary

ACON Investments Acquires Funko

On November 2, 2015, private equity firm ACON Investments acquired consumer products company Funko from Fundamental Capital

Acquisition Highlights
  • This is ACON Investments’ 2nd transaction in the Consumer Products sector.
  • This is ACON Investments’ 27th transaction in the United States.
  • This is ACON Investments’ 1st transaction in Washington.
Investment Fate
  • Funko went public in 2017.
  • Funko was sold to a financial buyer in 2022.

M&A Deal Summary

Date 2015-11-02
Target Funko
Sector Consumer Products
Buyer(s) ACON Investments
Sellers(s) Fundamental Capital
Deal Type Secondary Buyout

Target

Funko

Everett, Washington, United States
website
Funko is a provider and innovator of branded pop culture products across multiple categories, including vinyl figures, board games, action toys, plush, apparel, houseware, and accessories for consumers who seek tangible ways to connect with their favorite pop culture brands and characters. Funko was founded in 2017 and is based in Everett, Washington.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 42 of 67
Sector (Consumer Products) 2 of 5
Type (Secondary Buyout) 7 of 12
State (Washington) 1 of 1
Country (United States) 27 of 41
Year (2015) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 APR Energy

Jacksonville, Florida, United States

APR Energy provides cost-efficient reliable electricity, on a fast-track basis, anywhere in the world. Its leverage state-of-the art technology and industry-leading expertise to provide utility and industrial customers with fuel-efficient turnkey plants that are rapidly deployed, customizable, and scalable. APR Energy is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 idX

Grand Rapids, Michigan, United States

idX is a privately held company that specializes in retail display fixture manufacturing, logistics and project management. With over 20 years of experience working in domestic and international markets. idX was founded in 1999 and is based in Grand Rapids, Missouri.

Sell -

Seller(S) 1

SELLER

Fundamental Capital

San Francisco, California, United States

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Fundamental Capital is a private equity firm that invests in US-based companies generating revenue between $5 and $50 million. Fundamental targets businesses operating in the manufacturing, services, distribution, retail, and consumer products sectors, and seeks to commit $2 to $10 million per transaction. Prospective transaction types include growth capital financings, buyouts, recapitalizations, and corporate divestitures. Fundamental Capital was formed in 2004 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 Funko

Everett, Washington, United States

Funko is a provider and innovator of branded pop culture products across multiple categories, including vinyl figures, board games, action toys, plush, apparel, houseware, and accessories for consumers who seek tangible ways to connect with their favorite pop culture brands and characters. Funko was founded in 2017 and is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Voodoo Doughnut

Portland, Oregon, United States

Voodoo Doughnut LLC is an operator of Doughnut restaurants. Voodoo Doughnut was founded in 2003 and is based in Portland, Oregon.

Buy -