A capital injection from Adams Street Partners and H.I.G Capital is also helping fuel PlayMonster’s growth, under the leadership of newly promoted CEO Tim Kilpin.
PlayMonster has kicked off 2022 with a fresh capital injection from global private markets firms Adams Street Partners and H.I.G Capital, and has promoted tenured industry leader and former PlayMonster president Tim Kilpin to the role of CEO following Bob Wann’s retirement.
The company says this significant capital investment and leadership change symbolises PlayMonster’s newest chapter as a top international toy and game company, and sets the foundation for continued growth and innovation in 2022 and beyond.
Tim Kilpin, CEO at PlayMonster, said: “Our relationship with Adams Street and H.I.G Capital greatly accelerates our goal to become one of the industry’s top global toy companies and echoes our steadfast dedication to delivering great play experiences for consumers. We’re eager to work with two firms that share our vision and values and have what it takes to create magic in 2022.”
As its new CEO, Tim will focus on expanding and accelerating PlayMonster’s strong retail relationships, product innovation, brand development, licensing and international expansion. PlayMonster is entering an exciting year, as the company prepares to bring Hasbro’s beloved Playskool brands to a new generation of parents. This comes on the heels of several major brand launches in 2021 ‒ including Koosh, Spirograph Animator, Things…Schitt’s Creek Edition and the acquisition of award-winning crafting company, Ann Williams Group.
Before joining PlayMonster, Tim served as president and CEO of Activision Blizzard’s Consumer Products business, and president and chief commercial officer of Mattel, Inc. In addition to various senior roles at both Mattel and Disney, Tim has served on the Boards of Build-A-Bear Workshop, the Make-A-Wish International Foundation and the Children Affected by AIDS Foundation; he is also a Board and Executive Committee member of the Toy Association.
Bob Wann’s dedicated leadership over the last 13 years has instrumental in shaping the global company that PlayMonster is today, according to Tim. He adds: “Bob’s passion for the power of play and delivering innovation to consumers has been transformational for the company, and his overall dedication to the entire toy industry truly inspiring. We offer him our sincerest thanks and best wishes as he moves into a new chapter.”