Gladstone Investment Announces Majority Acquisition of McFarlane Toys
Gladstone Investment announced a majority acquisition of McFarlane Toys, with debt and equity financing and continued involvement from co-owners Todd McFarlane and Stephan Tetrault.
Gladstone Investment Corporation (Nasdaq:GAIN) announced on November 6, 2026, that it had acquired a majority stake in McFarlane Toys. Gladstone provided debt and equity financing in connection with the transaction.
Founded in 1994, McFarlane Toys designs, produces and distributes licensed collectible action figures and statues. The company works with entertainment studios, video game publishers, sports organisations and other intellectual property owners.
Its product range covers entertainment, gaming, comics, anime and sports. McFarlane Toys sells through national and specialty retailers, domestic and international distributors, e-commerce channels and its direct-to-consumer business.
Gladstone said co-owners Todd McFarlane and Stephan Tetrault will remain meaningful shareholders alongside Gladstone Investment. The company also said both will continue to be involved in guiding McFarlane Toys' strategic direction.
Todd McFarlane founded the company, while Stephan Tetrault is its chief executive officer and co-owner. In comments included with the announcement, the two executives described the partnership as supporting further product development, licensing work, international reach and portfolio diversification.
Gladstone Investment said its investment will support product innovation, expansion into additional collectible categories, strategic licensing partnerships and activity across domestic and international markets.
Michael Cueter, a managing director at Gladstone Investment, said the company had an established collectibles business, relationships with licensors and retailers, and an experienced team. Erika Highland, president of Gladstone Investment, described the transaction as an investment in a founder- and management-owned lower middle market business.
Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in connection with acquisitions, changes in control and recapitalisations.
Intrepid Investment Bankers LLC acted as exclusive financial adviser to McFarlane Toys.
Gladstone said statements concerning the longer-term prospects of Gladstone Investment, McFarlane Toys and their management teams, as well as their ability to grow and expand, are forward-looking statements. The company said these statements involve risks and uncertainties, and that actual results and conditions could differ materially because of factors described from time to time in its filings with the Securities and Exchange Commission.
Gladstone Investment also said it undertakes no obligation to update or revise those statements because of new information or future events, except as required by law.
Gladstone Investment announced a majority acquisition of McFarlane Toys on November 6, 2026.
Gladstone provided debt and equity financing in connection with the transaction.
Todd McFarlane and Stephan Tetrault will remain shareholders and continue to be involved with the company.
McFarlane Toys makes licensed collectibles spanning entertainment, gaming, comics, anime and sports.
Gladstone said its investment will support product innovation, licensing partnerships, new collectible categories and domestic and international activity.
Gladstone Investment Corporation announced that it had acquired a majority stake in McFarlane Toys. Gladstone provided debt and equity financing to complete the transaction.
Gladstone Investment Corporation announced the acquisition on November 6, 2026.
McFarlane Toys designs, produces and distributes collectible licensed action figures and statues. It works with entertainment studios, video game publishers, sports organisations and other intellectual property owners across entertainment, gaming, comics, anime and sports.
McFarlane Toys reaches consumers through national and specialty retailers, domestic and international distributors, e-commerce and its direct-to-consumer business.
Co-owners Todd McFarlane and Stephan Tetrault will remain meaningful shareholders alongside Gladstone Investment and will remain actively involved in guiding the company's strategic direction and continued growth.
Gladstone Investment Corporation provided both debt and equity financing to complete the transaction.
Gladstone Investment Corporation said its investment will support McFarlane Toys' continued product innovation, expansion into new collectible categories, development of strategic licensing partnerships, and growth across domestic and international markets.
Todd McFarlane said the company would continue developing new products, supporting licensing partners and delivering the quality and creativity expected by its fans. Stephan Tetrault said the partnership represented an opportunity to accelerate growth, expand global reach and continue diversifying the product portfolio.
Erika Highland said Gladstone Investment Corporation's goal was to invest in quality companies that will produce stable income for dividends to shareholders and longer-term capital appreciation through significant equity ownership, resulting in capital gains.
Gladstone Investment Corporation is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in connection with acquisitions, changes in control and recapitalisations.
Gladstone Investment Corporation's shares trade on Nasdaq under the ticker symbol GAIN, written in the source as Nasdaq:GAIN.
Gladstone Investment Corporation said statements about its longer-term prospects, McFarlane Toys and the ability of both businesses to grow and expand were forward-looking statements involving risks and uncertainties. It said actual results and conditions could differ materially from those statements because of factors described from time to time in its filings with the Securities and Exchange Commission, and that it undertook no obligation to update or revise the statements except as required by law.