Alleghany Capital Corporation Announces Investment In Jazwares
NEW YORK, Aug. 4, 2014
NEW YORK, Aug. 4, 2014 /PRNewswire/ --Alleghany Capital Corporation ("ACC"),
a wholly-owned subsidiary of Alleghany Corporation (NYSE-Y), today announced
that it has acquired an interest in Jazwares, LLC ("Jazwares"), a privately
held toy and consumer electronics company based in Sunrise, Florida.
Judd Zebersky, Chief Executive Officer and President of Jazwares, commented,
"Jazwares has grown significantly over the past number of years by delivering
high quality, must-have toys and consumer electronics to children worldwide.
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
David Van Geyzel, President and Chief Executive Officer of ACC, stated, "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, added, "With the support of ACC, Jazwares is poised to increase its
footprint within the toy industry and grow both organically and through
Valufinder Group, Inc. acted as financial advisor and Seyfarth Shaw LLP acted
as legal counsel to ACC. Marketing Management Group, Inc. acted as financial
advisor and Pryor Cashman LLP acted as legal counsel to Jazwares.
About Jazwares, LLC
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. Today, through the expertise of its product development team, Jazwares
continues to offer a wide array of merchandise at major retailers globally.
Jazwares' portfolio includes: Minecraft™, Adventure Time™, Peppa Pig™, Chuck &
Friends™, Plants vs. Zombies™, Yo Gabba Gabba!™, WWE™, Star Wars™ and Teen
Titans Go!™, among others. Jazwares' goal is to invent toys and related
products that are new to the marketplace, featuring the brands kids want, at
affordable prices. For more information about Jazwares, please visit
About Alleghany Capital Corporation
Alleghany Capital Corporation is a wholly-owned subsidiary of Alleghany
Corporation that engages in and oversees strategic investments and
acquisitions. Its recent investments include Bourn & Koch, Inc., a
manufacturer and remanufacturer/retrofitter of precision machine tools and
supplier of replacement parts; ORX Exploration, Inc., a regional oil and gas
exploration and production company; R.C. Tway Company, LLC, a manufacturer of
custom trailers and truck bodies for the moving and storage industry and other
markets; and Stranded Oil Resources Corporation, an exploration and production
company focused on enhanced oil recovery.
Alleghany Corporation (NYSE-Y) creates value through owning and managing
operating subsidiaries and investments, anchored by a core position in
property and casualty reinsurance and insurance. Alleghany's property and
casualty subsidiaries include: Transatlantic Holdings, Inc., a leading global
reinsurer; RSUI Group, Inc., a national underwriter of property and liability
specialty insurance coverages; CapSpecialty, Inc., an underwriter of small
commercial property, casualty and surety insurance coverages; and Pacific
Compensation Corporation, an underwriter of workers' compensation insurance
primarily in California.
This release contains disclosures which are forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not relate solely to
historical or current facts, and can be identified by the use of words such as
"may," "will," "expect," "project," "estimate," "anticipate," "plan,"
"believe," "potential," "should," "continue" or the negative versions of those
words or other comparable words. These forward-looking statements are based
upon Alleghany's current plans or expectations and are subject to a number of
uncertainties and risks that could significantly affect current plans,
anticipated actions and Alleghany's future financial condition and results.
These statements are not guarantees of future performance, and Alleghany has
no specific intention to update these statements. As a consequence, current
plans, anticipated actions and future financial condition and results may
differ from those expressed in any forward-looking statements made by
Alleghany or on Alleghany's behalf.
SOURCE Alleghany Capital Corporation
Contact: For more information: Kerry Jacobs, Alleghany Corporation,
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