Patriot Capital is pleased to announce a new subordinated debt and equity co-investment alongside Audax Private Equity 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.

For more information on this transaction or to discuss a potential add-on acquisition candidate, please contact Stacey Wittelsberger, Charles Bryan or Aaron Katzman.

About Patriot Capital

Patriot Capital is a leading provider of growth capital to small and medium-sized privately held companies seeking to finance business expansion, acquisitions, management buyouts and balance sheet recapitalizations. Our senior deal professionals each have more than 20 years of corporate finance and operating experience, enabling us to provide the companies that we invest in with seasoned business judgement as well as strategic capital. Patriot Capital typically invests $5 to $20 million in the form of subordinated debt and equity and we can arrange larger transactions through relationships with our limited partners.