Rubik’s Cube acquired by Canadian toymaker Spin Master for US $50 million

January 4, 2021

On January 4, 2021, Spin Master Corp. (TSX:TOY) (“Spin Master”), a global children’s entertainment company, completed its acquisition of Rubik’s Brand Ltd., the owner of the world-famous  Rubik’s Cube®, from Bancroft Private Equity (“Bancroft”) for US $50 million. The acquisition of the Rubik’s Cube® brand marks the 22nd acquisition since Spin Master was founded in 1994 and the 12th acquisition since its IPO in 2015.

Bancroft is a private equity firm based in the United Kingdom.

Michael Caruso (Corporate