Patriot Capital is pleased to announce a new subordinated debt and equity co-investment alongside Audax Private Equity (“Audax”) in PlayMonster LLC. Patriot’s investment supported PlayMonster’s acquisition of Kahootz, LLC.
Headquartered in Beloit, Wisconsin, PlayMonster is a designer, manufacturer and marketer of games and toys. The Company’s portfolio of games and toys for children and adults features brands such as Yeti in My Spaghetti, 5 Second Rule, My Fairy Garden, and Relative Insanity. PlayMonster products are distributed through mass, e-commerce, and specialty retailer channels across the U.S. and U.K. The addition of Kahootz expands the PlayMonster product portfolio with classic brands such as Spirograph, in addition to innovative products like Y’Art, Colorforms and Fashion Plates. Audax originally partnered with the PlayMonster team led by CEO, Bob Wann, in November 2018 with the strategy of building a leading platform through organic growth and add-on acquisitions.