Bath solicitors Mowbray Woodwards have recently acted for the owners of local animation and design studio A Large Evil Corporation on the sale of the company to US giants Funko LLC for $4 million.
Since its foundation by owners Guy Thomson and Seth Watkins in 2006, Evilcorp has developed a unique reputation for its animated commercials for brands including Gu, Kia Motors, Greenpeace and Now TV. Evilcorp has also achieved acclaim for its Vinyl Idolz designs, a range of quirky collectible figurines featuring characters from cult movies such as The Big Lebowski, Shaun of the Dead, Batman, Ghostbusters and Back to the Future.
Evilcorp will shortly be rebranded as Funko Animation Studios, with Guy Thomson and Seth Watkins continuing as general managers. The deal coincides with Funko’s own floatation on the NASDAQ stock market in November.
Evilcorp was represented by Mowbray Woodwards’ partner Patrick Mears and assistant Karling Lau. “It has been so exciting to see one of our most talented and unique local creative companies attracting such flattering attention from an international big-hitter” says Patrick Mears “It is particularly gratifying to see so much genuine warmth and creative optimism underpinning a deal. I have no doubt that Funko Animation Studios will achieve even greater things!”
“Patrick and the team were excellent throughout the process” says Seth Watkins, “a very thorough interrogation of the myriad of documentation flying back and forth, skilfully guiding us through the US/GB pitfalls and always available for the inevitable late night trans-Atlantic calls.”