TCG The Chernin Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TCG The Chernin Group has invested in 2 companies.

TCG The Chernin Group’s most common sectors for investment areconsumer products (50%) and gaming (25%) . The Firm’s most common investment types include growth capital (50%) and stake purchase (25%). In total, TCG The Chernin Group has invested in 4 US states.

In the last 3 years, TCG The Chernin Group has exited 1 company. The Firm’s most common exit type is trade sale (100%). TCG The Chernin Group’s largest (disclosed) exit occurred in 2021 when it sold Action Network for $240M.

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M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

TCG The Chernin Group

12180 Millennium Drive, Suite 500,
Playa Vista, California 90094
United States
www.tcg.co
info@tcg.co

TCG (The Chernin Group) is a private investment firm focused on majority and minority investments in growing consumer businesses. Specific areas of interest include digital media, commerce, marketplaces, sports, gaming, consumer finance, and health/wellness. The Firm is a long-term investor and looks to work alongside companies to help build lasting value. TCG was originally formed in 2010 and is headquartered in Playa Vista, California.


Investment Criteria

Sectors of Interest: Consumer Products, Digital Media, E-Commerce, Financial Services, Healthcare Services, Leisure

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.6/yr) # 1 1 - 1 1 - 4
Sell (0.2/yr) # - - - 1 - - 1
vol $240M $240M
  5

Most Recent M&A

Company Date Value Type
Funko, Inc. 2022-05-05 - Stake Purchase
Everett, Washington · www.funko.com
Action Network, Inc. 2021-05-03 240M USD Add-on Acquisition
Playa Vista, California · www.actionnetwork.com
Goldin Auctions 2021-02-16 - Growth Capital
Runnemede, New Jersey · www.goldinauctions.com
Food52, Inc. 2019-09-30 - Growth Capital
New York, New York · www.food52.com
Action Network, Inc. 2017-01-01 - Buyout (LBO, MBO, MBI)
Playa Vista, California · www.actionnetwork.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 2 (67%) - 2 (50%) -
Gaming - - 1 (25%) -
Leisure 1 (33%) - 1 (25%) -
Total 3 - 4 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 3 (100%) - 4 (100%) -
  Washington 1 (33%) - 1 (25%) -
  New York 1 (33%) - 1 (25%) -
  New Jersey 1 (33%) - 1 (25%) -
  California - - 1 (25%) -
Total 3 - 4 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 2 (67%) - 2 (50%) -
Buyout (LBO, MBO, MBI) - - 1 (25%) -
Stake Purchase 1 (33%) - 1 (25%) -
Total 3 - 4 -

Exits by Deal Type

Type Total # Value
Trade Sale 1 (100%) 240M (100%)
Total 1 $240M

Top M&A Advisors

Legal Deals
Gibson, Dunn & Crutcher LLP
 2

Deal Values

sell # Total
$100M to $1B 1 $240M
TOTAL $240M
Largest Action Network, Inc.
$240M (2021-05-03)

M&A Connections

Deals
Exited to
Strategic(s)
100%
1 (100%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2010

Specialist/Generalist

Specialist

Leadership

Jesse Jacobs

Co-Founder & Partner

Mike Kerns

Co-founder & Partner

Peter Chernin

Co-founder & Partner

Jennifer MacCarthy

Head of Community and Marketing

Luke Beatty

Partner

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