Leading kids and family production and distribution outfit CAKE, has completed the acquisition of the Jetpack Distribution brand, doubling the size of the company’s catalogue to 3,200 half hours of high-quality kids and family series.
Former Jetpack CEO Dominic Gardiner will join CAKE as Managing Director of Distribution, leading the sales, marketing and acquisitions teams of CAKE’s distribution arm. Reporting to CAKE’s board of directors: Group CEO Ed Galton and Group CFO & COO Cat Seddon.
Ed Galton continues to oversee CAKE’s four main businesses: CAKE Distribution, CAKE Production, Popcorn Digital and Cakestart Productions.
New series carried over from Jetpack, and added to CAKE’s catalogue, include icons such as Dennis & Gnasher Unleashed, Talking Tom and Friends, Mechamato, The Clangers and more.
Jetpack Distribution was a leading kids and family content distributor that found homes for high quality, character-driven shows within its 1,900 half hour catalogue. The company was consistently rated in the Kidscreen HOT 50 top three (for five consecutive years).
From Ed:
“I would like to thank Charlie and his team at Polestar for their support in guiding CAKE through this transaction. This is an exciting opportunity for us and with the expert guidance from our COO, Cat Seddon and the team at Polestar, we have been able to reach a deal which secures the needs of kids, producers, and broadcasters. The deal ensures that the Jetpack name continues to be a force in Kids content.”
Charlie Whelan, Managing Partner of Polestar CF added:
“CAKE is always looking for the ‘next big thing’ and is really excited to bring Jetpack on board – Their combination will cement CAKE as one of the world’s leading independent entertainment companies specialising in the production, distribution, development, financing and brand development of kids’ and family properties. I am delighted that we at Polestar have helped Ed and Cat bring this to fruition.”
Polestar Corporate Finance assisted CAKE with the strategic acquisition of the Jetpack Distribution brand. Legal advice was provided by Kate Doody and her team at GBH Law.
