Jazwares is preparing for its next stage of growth after Alleghany Capital Corporation acquired an interest in the firm.
Jazwares' portfolio currently includes a number of licensed brands such as Minecraft, Adventure Time, Peppa Pig, Plants vs Zombies, WWE, Star Wars and Chuck & Friends.
"Jazwares has grown significantly over the past number of years by delivering high quality, must-have toys and consumer electronics to children worldwide," said Judd Zebersky, CEO and president of Jazwares. "As we pursue our next stage of growth, we are enthusiastic to partner with ACC given its unique long-term perspective and history of backing entrepreneurial management teams."
David Van Geyzel, president and CEO at ACC, added: "Over the past two decades, Jazwares has established a strong reputation for innovation in the licensed products industry.
"We look forward to working with Judd and Laura Zebersky and the Jazwares team as they continue to bring new and exciting products to the global toy marketplace."
Udi Toledano, chairman of ACC, concluded: "With the support of ACC, Jazwares is poised to increase its footprint within the toy industry and grow both organically and through acquisition."