Total amount raised
$500 Millions
Latest funding date
5/1/2024
Location
Hasbro has successfully raised funds through various rounds, including a recent Post-IPO Debt round closed on May 8, 2024. The company continues to attract interest from investors, reflecting its strong position in the market.
Keep reading to explore the intricacies of Hasbro's fundraising journey and the investors backing this renowned company.
What Is Hasbro?
Hasbro, founded in 1923 by Henry, Herman, and Hillel Hassenfeld, is headquartered in Pawtucket, Rhode Island. The company specializes in children's and family leisure products, offering a diverse range of brands and entertainment properties.
With a workforce of 5,001 to 10,000 employees, Hasbro's portfolio includes iconic names like TRANSFORMERS, NERF, and MONOPOLY. They also develop products under key licenses such as SPIDER-MAN and STAR WARS.
Hasbro's mission is to create joy and community through the magic of play, reaching over 500 million kids, families, and fans worldwide through various mediums, including physical and digital games, toys, and entertainment.
How Much Funding Has Hasbro Raised?
- Funding Round Type: Post-IPO Debt
- Amount Raised: $500M
- Date: May 8, 2024
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Part of Hasbro's strategic turnaround efforts.
- Funding Round Type: Bond Issuance
- Amount Raised: $2.4B
- Date: November 2019
- Lead Investors: Not specified
- 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: $2.9B. 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 is one of the largest banking institutions in the United States.
- Investment Focus Areas: Investment banking, wealth management, consumer banking, global markets.
- Notable Investments: Merrill Lynch, Countrywide Financial, MBNA.
- Citigroup
- Details: Citigroup is a global diversified financial services holding company 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: Banamex, Salomon Smith Barney, Travelers Group.
- JPMorgan
- Details: JPMorgan is an American 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, asset management, private equity.
- Notable Investments: Bear Stearns, Washington Mutual, One Equity Partners.
- Bank of Nova Scotia (Scotiabank)
- Details: Scotiabank is a Canadian multinational bank and financial services company headquartered in Toronto, Ontario. It is one of Canada's Big Five banks.
- Investment Focus Areas: Personal and commercial banking, wealth management, corporate and investment banking, capital markets.
- Notable Investments: DundeeWealth, Jarislowsky Fraser, MD Financial Management.
What's Next for Hasbro?
Hasbro's recent $500 million bond issuance marks a significant opportunity for the company to invest in its core franchises like Monopoly, Beyblade, and Transformers. This financial maneuver positions Hasbro to explore strategic acquisitions and divestitures, potentially expanding its market presence and product offerings.
Future fundraising efforts may include additional bond sales or equity financing, leveraging strong earnings to attract investors. However, Hasbro faces challenges such as low consumer demand and broader economic slowdowns, which could impact sales and workforce morale. Navigating these hurdles will be crucial for sustaining growth and achieving long-term success.
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