Streambank Tapped to Aid KB Toys IP Sale

Recently bankrupted KB Toys has selected Streambank to lead its intellectual property asset sale.
“We welcome this engagement with KB Toys,” says Gabe Fried, managing member and founder of Streambank. “The wide recognition of the KB Toys name makes it ideal for a variety of applications, including a private-label toy brand, a franchise retail business, a seasonal store or a pure internet play.”

The Pittsfield, Massachusetts-based toy retailer filed for Chapter 11 on December 11, just three years after it emerged from its first filing in 2005 with new management and under new owner PKBT Funding, an affiliate of private equity firm Prentice Capital Management.

“In addition to the storied KB Toys name, the intellectual property portfolio includes 14 other KB Toys-related trademarks, some of which are registered internationally, and a number of house brands developed by the company,” says Margaret Birlem, partner at Streambank. “We anticipate significant interest in these assets.”

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