Intrepid announced today that it served as the exclusive financial advisor to Loungefly, a premier contemporary fashion accessories company, on its sale to Funko, LLC, a leading pop culture consumer products company. Based in Chatsworth, Calif., Loungefly designs, manufactures and distributes branded and licensed bags and accessories for brands such as Disney, Star Wars, Sanrio, Marvel, and Pokémon, among others.
“Intrepid’s senior investment banking team truly understands our unique brand and market position and helped us explore a sale, finding the right partner in Funko, who will allow us to continue to capitalize on future growth opportunities,” said Trevor Schultz, President and Founder of Loungefly. “As a leader in pop culture consumer products, Funko is the ideal partner for Loungefly’s portfolio of licensed and branded lifestyle accessory products. We look forward to working with the innovative Funko team to extend our unique product offering into new channels of distribution and licenses.”
“We are thrilled to have advised Loungefly on this exciting acquisition as they seek to combine their creative design process with Funko’s speed-to-market capabilities and expanded distribution channels,” commented Mike Rosenberg, Senior Managing Director at Intrepid. “The company’s success can be attributed to its team of passionate individuals who design and sell unique fashion bags and accessories.”
Started as an importer of Buddha bead bracelets in 1998, Loungefly has established itself as a design driven, global accessories brand known for its unique licensed and branded accessories. Loungefly products are available in specialty stores, boutiques and department stores throughout the country.
Headquartered in Everett, Wash., Funko is a leading creator and innovator of licensed pop culture products to a diverse range of connected consumers. In 2015, Funko received a majority investment from ACON Investments, LLC, a diversified international private equity firm.
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About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms.