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FocalPoint Advises Loot Crate on its Section 363 Sale to an Affiliate of NECA

January 28, 2020

Los Angeles, CA – Loot Crate (“Loot Crate” or the “Company”) announced the successful sale of substantially all its assets to an affiliate of National Entertainment Collectibles Association (“NECA”) from its Chapter 11 case in the District of Delaware. FocalPoint Securities, LLC acted as the Company’s exclusive investment banker in connection with this transaction.

Regarding the transaction, Loot Crate Chief Restructuring Officer, Stuart Kaufman, of Portage Point Partners said, “This transaction creates a path forward for the Company and allows it to move past some challenging times.” He continued, “By partnering with NECA, a collectible manufacturing company that produces X-Men, Star Trek, Batman, and other pop culture figurines, Loot Crate’s subscribers can feel confident that they will continue to receive new and exciting pop culture collectibles.”

Michael Fixler, Managing Director who leads FocalPoint’s Special Situations practice, commented, “We started working with the Company early this year, presenting the opportunity to a wide range of strategic and financial investors. Ultimately, the complexities of this transaction necessitated an expedited 363 sale and the Company’s advisors were able to structure, negotiate, and close this strategic transaction, eliminating the possibility of a liquidation and leaving stranded hundreds of thousands of subscribers.” Mr. Fixler added, “Partnering with NECA gives the Company’s subscribers what they ultimately wanted: unique offerings, on-time delivery, and high-quality merchandise.”

About Loot Crate
Founded in 2012, Loot Crate™, Inc. is the worldwide leader in fan subscription boxes. Loot Crate partners with industry leaders in entertainment, gaming, sports, and pop culture to deliver monthly themed crates, produce interactive experiences and digital content, and film original video productions. Since 2012, Loot Crate has delivered more than 32 million crates to fans in 35 territories across the globe. For more information, visit www.lootcrate.com

About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm serves middle-market clients around the world. For more information, please visit www.focalpointllc.com and follow us on LinkedIn and Twitter.

Please contact Michael Fixler, Managing Director, at 312-508-5780 or mfixler@focalpointllc.com with any questions about this transaction.