December 3, 2013
Palo Alto, CA – GrowthPoint Technology Partners is proud to have advised Crunchyroll, Inc. on the sale of a majority stake of the company to The Chernin Group (TCG), which was announced December 2, 2013.
Founded in 2007 with offices in San Francisco, CA, and Tokyo, Japan, Crunchyroll has built the world’s premier over-the-top video service for Japanese anime content and is one of the leading OTT and SVOD platforms online. Crunchyroll features both a free, ad-supported online video offering, as well as a subscription online video service to a targeted and passionate fan base in more than 160 countries. The Company delivers new and library content from leading Japanese studios and broadcasters directly to viewers outside of Japan across online and mobile platforms using multiple devices such as desktops, mobile phones, tablets, connected TVs and consoles, including PlayStation®, Apple TV, Xbox and Roku®. By expanding Crunchyroll’s rich content offering into new markets and onto new devices, the Company has sustained and increased viewership, more than doubling its subscriber base within the last year.
“We are pleased to have advised Crunchyroll on this transaction,” said Andrew Patton, Director at GrowthPoint. “We have had a long-term relationship with Crunchyroll and its stellar management team and are thrilled that it has culminated in this investment from TCG. We expect many great things in the future from this combination of a talented team with world-class media investors.”
“The GrowthPoint team was very supportive in guiding us through this investment process,” said Brady McCollum, COO at Crunchyroll. “Having been founded by entrepreneurs, the GrowthPoint team really understood our perspective and went above and beyond to help us find the right partner for our business. We really enjoyed the opportunity to have worked closely with this solid team of advisors.”
GrowthPoint Technology Partners provides M&A and financial advisory services to technology companies around the world.