Culver City, California’s Small World Toys won’t be closing its doors as a team of the company’s former execs has stepped in and acquired it out of bankruptcy. John Nelson, former president and CEO who left the company two years ago, will be CEO of the new venture.
Ex-COO John Matise is returning as COO, David Adams takes the post of CFO, and Howard Bennett, a 26-year vet of the company has been promoted from SVP of sales to the role of president.
David Adams and Nelson co-founded Rivenrock Capital, a private equity firm in 2004, the firm will hold a significant equity stake in the company. Small World Toys develops, manufactures, markets and distributes specialty toys and educational products. The company’s most popular products include Ryan’s Room, Gertie Ball, and IQ Baby.