With this acquisition, Saga Invest plans to expand Heathside’s operations across Europe, focusing first on France and Germany.
Heathside is a distributor and manufacturer of toys and collectibles with operations in the UK and the Netherlands. The company has experienced rapid growth over the last few years and is well known for its pop culture and licence-based brands, Khadou and Master Replicas. These brands work with properties such as South Park, Minecraft, Deddy Bears, Five Nights at Freddy’s, Star Trek, Sonic, Molang, Doctor Who, Only Fools and Horses, Foundation, Stargate, Dune, Teenage Mutant Ninja Turtles, Care Bears, Sesame Street, Harry Potter, Battlestar Galactica and many others.
With this acquisition, Saga Invest will expand Heathside’s operations across Europe, focusing first on France and Germany.
Darren Epstein from Heathside said: “We were approached by a number of companies at the back end of 2023 and the shareholders decided to move to exclusive discussions with Saga during the Nuremberg Toy Fair. Given the team’s background and their focus on growth, it made sense to move forward with Saga. We wanted partners who would bring focus to what we have built at Heathside over the years. We believe that over the next 12 months, our retail partners will see even more reason to work with us on our portfolio of product ranges.”
“We are building a Pan-European distribution and manufacturing solution at the intersection of toys, collectibles and other licensed goods,” said Gregory Benassar, principal at Saga Invest. “As such, we are delighted to complete our purchase of Heathside, a very successful company within all these segments. We are entrepreneurs at heart, and we see that as core to the Heathside business. We wish to continue and enhance that philosophy.”
Following the sale, Robert Myers, a long-standing figure in the toy business, will retire. Robert commented: “After so many years, I am delighted to hand over the reins to the next generation. Under the management of Saga and the rest of the leadership team, I know the business is being left in the most capable of hands, and I look forward to following the company’s success moving forward.”
John Nelson will serve as interim CEO until the beginning of 2025. Gregory Benassar will become co-CEO, with Darren Epstein (EVP Global Business Development) and Max Nelson (head of Sales) remaining to ensure continuing growth within the business.
Saga Invest is comprised of four members: Gregory Benassar and Alexis Desplats, who played instrumental roles in the historic growth of Asmodee; Alexander Dubynski, founder and former owner of Blackfire Distribution prior to its sale to Asmodee; and Jürgen Helmhold, who brings extensive business expertise from his time as a senior partner in SHWP, an interdisciplinary firm of chartered accountants, lawyers and tax advisors.
‘’The experience of these veterans of pop culture formats proves to be a very exciting prospect for the future growth of Heathside, Khadou and Master Replicas,’’ added Darren Epstein.