M&A Deal Summary

CDH Private Equity Acquires SharkNinja

On August 16, 2017, private equity firm CDH Private Equity acquired consumer products company SharkNinja from Weston Presidio and American Capital

Acquisition Highlights
  • This is CDH Private Equity’s 1st transaction in the Consumer Products sector.
  • This is CDH Private Equity’s 1st transaction in the United States.
  • This is CDH Private Equity’s 1st transaction in Massachusetts.
Investment Fate
  • SharkNinja went public in 2023.

M&A Deal Summary

Date 2017-08-16
Target SharkNinja
Sector Consumer Products
Buyer(s) CDH Private Equity
Sellers(s) Weston Presidio
American Capital
Deal Type Secondary Buyout

Target

SharkNinja

Needham, Massachusetts, United States
SharkNinja is a designer, marketer, and distributor of primarily branded home cleaning products. It offers over 50 different appliance products, including products for general cleaning, garment care, and kitchen use. The company markets its products under recognized brand names such as Shark, Euro-Pro, Fantom, Omega, and Bravetti, and maintains longstanding relationships with well-known retailers. SharkNinja was formed in 1994 and is based in Needham, Massachusetts.

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Buyer(S) 1

Buyer

CDH Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 10.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDH Private Equity is the direct investment arm of CDH Investments, a China focused alternative investment manager. CDH looks to acquire and growth Chinese companies in the consumer, retail, industrial manufacturing, business services, medical, financial, and energy sectors. Target companies generally exhibit sustainable competitive advantages and lead their respective markets. CDH Private Equity was established in 2002 and is headquartered in Beijing.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 SharkNinja

Needham, Massachusetts, United States

SharkNinja is a designer, marketer, and distributor of primarily branded home cleaning products. It offers over 50 different appliance products, including products for general cleaning, garment care, and kitchen use. The company markets its products under recognized brand names such as Shark, Euro-Pro, Fantom, Omega, and Bravetti, and maintains longstanding relationships with well-known retailers. SharkNinja was formed in 1994 and is based in Needham, Massachusetts.

Sell -

Seller(S) 2

SELLER

Weston Presidio

Boston, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 50 of 52
Sector (Consumer Products) 6 of 6
Type (Secondary Buyout) 15 of 16
State (Massachusetts) 4 of 4
Country (United States) 47 of 49
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Snooze

Denver, Colorado, United States

Snooze is a unique restaurant concept that aims to re-energize the way you think, feel, and, ultimately, eat breakfast. Along with great food and attentive service, the Company is focused on creating a sustainable restaurant environment and working with local vendors to source fresh, high-quality ingredients. Snooze currently has five locations throughout Colorado and one location in San Diego, California. Snooze was founded in 2006 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Silego Technology

Santa Clara, California, United States

Silego Technology, Inc. is a fabless semiconductor company focused on the design and manufacture of high performance mixed-signal and analog products for high volume applications in computation, communication and digital consumer markets. Silego's core technical competencies are signal distribution/ PLL (phase lock loop), and power management /PWM.

Sell $306M
SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 183 of 194
Sector (Consumer Products) 12 of 13
Type (Secondary Buyout) 65 of 71
State (Massachusetts) 4 of 4
Country (United States) 175 of 186
Year (2017) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 Hillarys Blinds

Colwick, United Kingdom

Hillarys Blinds Ltd. is a provider of made-to-measure window blinds. Manufactures, sells, and delivers a full in-home measuring and fitting service. Hillarys Blinds was founded in 2001 and is based in Colwick, United Kingdom.

Sell £300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Datapipe

Jersey City, New Jersey, United States

Datapipe provides application management, hosting, professional services and security services for mid to large-sized organizations. Datapipe was formed in 1998 and is headquartered in Jersey City, New Jersey.

Sell -