Total amount raised
$500 Million
Latest funding date
5/1/2024
Location
Hasbro has raised an undisclosed amount in funding through a single Post-IPO Debt round. The company has also made five acquisitions, with the most recent being D&D Beyond.
Keep reading to explore the intricacies of Hasbro's fundraising journey and the strategic moves that have shaped its financial landscape.
What Is Hasbro?
Hasbro, a leading company in the games, IP, and toy industry, was founded around 1859. The company is headquartered in Pawtucket, Rhode Island, USA, and employs between 1001 and 5000 people.
Known for its iconic brands like MAGIC: THE GATHERING, DUNGEONS & DRAGONS, and MONOPOLY, Hasbro creates joy and community through play. The company reaches over 500 million kids, families, and fans worldwide with its diverse range of products and entertainment offerings.
How Much Funding Has Hasbro Raised?
- Post-IPO Debt
- Amount Raised: USD 500,000,000
- Date: May 2024
- Lead Investors: Bank of America, Citigroup, JPMorgan, Bank of Nova Scotia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Part of Hasbro's strategic turnaround efforts.
- Post-IPO Debt
- Amount Raised: USD 2,400,000,000
- Date: November 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance a portion of Hasbro's $4 billion acquisition of Entertainment One Ltd.
Total Amount Raised: USD 2,900,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bank of America
- Details: Bank of America is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina. It provides a wide range of financial services including banking, investing, asset management, and other financial and risk management products.
- Investment Focus Areas: Investment banking, wealth management, financial services for individuals, small businesses, and large corporations.
- Notable Investments: Technology, healthcare, financial services.
- Citigroup
- Details: Citigroup is a multinational investment bank and financial services corporation headquartered in New York City. It offers a variety of financial services including consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management.
- Investment Focus Areas: Consumer banking, corporate and investment banking, securities brokerage, wealth management.
- Notable Investments: Technology, energy, financial services.
- JPMorgan
- Details: JPMorgan is a multinational investment bank and financial services holding company headquartered in New York City. It provides services in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and private equity.
- Investment Focus Areas: Investment banking, financial services for consumers and businesses, financial transaction processing, asset management, private equity.
- Notable Investments: Technology, healthcare, financial services.
- Bank of Nova Scotia
- Details: Also known as Scotiabank, it is a Canadian multinational bank headquartered in Toronto, Ontario. It offers a wide range of financial services including personal and commercial banking, wealth management, and corporate and investment banking.
- Investment Focus Areas: Personal and commercial banking, wealth management, corporate and investment banking.
- Notable Investments: Energy, mining, financial services.
What's Next for Hasbro?
Hasbro's future looks promising with significant opportunities on the horizon. The company recently raised $500 million through a bond issuance, which could be leveraged for strategic acquisitions and divestitures. This financial maneuver positions Hasbro to capitalize on its strong first-quarter earnings and explore new markets or segments within the entertainment and toy industries.
Future fundraising opportunities are likely, with potential for additional bond sales or other forms of debt financing. Hasbro may also consider equity financing or strategic partnerships to support further acquisitions or business expansions. However, the company faces challenges such as low consumer demand in the U.S. and broader economic uncertainties affecting consumer spending habits.
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