Pryor Cashman Represents Jazwares LLC In Sale Of Majority Interest To Alleghany Capital Corp.
Pryor Cashman represented Jazwares, LLC, a leading toy and consumer electronics company, and its founders, Judd and Laura Zebersky, in the sale of a majority interest in Jazwares to Alleghany Capital Corporation, a subsidiary of Alleghany Corporation (NYSE: Y). Alleghany Capital acquired an initial equity interest in Jazwares in July 2014.
With its focus on creativity, innovation, and function, Jazwares has established itself as a well-respected leader in the licensed products industry. Delivering diverse lines of toys and consumer electronics, the company’s products feature some of the best entertainment properties in the world. Through the expertise of their product development team, Jazwares offers a wide array of merchandise at major retailers globally. Their portfolio includes Tube Heroes®, Minecraft®, Peppa Pig® and Star Wars®, among others.
Representing Jazwares, LLC and the Zeberskys from Pryor Cashman were attorneys from the firm’s Corporate, Tax and Executive Compensation, ERISA & Employee Benefits Groups. The corporate team was led by Partner John Crowe assisted by Associates Robert C. Lamonica and Zachary Frimet. Partner Michael Dunworth and Associate Jonathan Stein dealt with the tax aspect of the transaction, while Counsel Matthew Young handled Executive Compensation, ERISA & Benefits matters. Corporate Partner Richard Frazer and Associate Asher Bundlie also assisted on the transaction.
The deal was also picked up by Dow Jones, Close-Up Media, Oreanda News, MarketLine and Benzinga. To read the press release about the transaction, please click here.
