TPG is purchasing the business from domestic private equity firm Next Capital.
Funlab operates various entertainment concepts across Australia, New Zealand and Singapore.
The ABL team was led by Corporate and M&A partner Jeremy Leibler, who was assisted by senior associate Rebecca Zwier and lawyer Simone Gould.
Jeremy commented on the transaction: "We were really pleased to advise Funlab founder Michael Schreiber on this significant deal, which was negotiated and signed within a couple of weeks – particularly as it represents a strong recovery for Funlab after a challenging year."
As reported in the Australian Financial Review, TPG will look to "expand Funlab’s sites in Australia and offshore, develop new concepts and better use data and analytics to tailor products to customers".
About Arnold Bloch Leibler
Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.