M&A Deal Summary

Advent International Acquires King Koil China

On November 1, 2016, private equity firm Advent International acquired consumer products company King Koil China from Trustar Capital

Acquisition Highlights
  • This is Advent International’s 9th transaction in the Consumer Products sector.
  • This is Advent International’s 1st transaction in China.

M&A Deal Summary

Date 2016-11-01
Target King Koil China
Sector Consumer Products
Buyer(s) Advent International
Sellers(s) Trustar Capital
Deal Type Secondary Buyout

Target

King Koil China

Shanghai, China
King Koil China is a premium manufacturer and retailer of mattresses in China. King Koil China is also rapidly expanding its retail business through both offline and online formats. King Koil China was founded in 2000 and is based in Shanghai, China.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 237 of 341
Sector (Consumer Products) 9 of 21
Type (Secondary Buyout) 31 of 54
Country (China) 1 of 6
Year (2016) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 Safran Identity & Security

Moulineaux, France

Safran Identity & Security (Safran I&S) is a provider of identity and security solutions. Safran I&S develops innovative technologies for the public and private sectors globally, including identity management, secure transactions and public security solutions. The company’s technologies are used for a wide range of markets and applications, including production and personalisation of secure ID documents and systems, and biometry-based identification systems.

Buy €2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Ansira

St. Louis, Missouri, United States

Ansira is a data-driven, technology-enabled marketing solutions provider, specializing in the integration of local and national marketing programs. Ansira was founded in 1919 and is based in St. Louis, Missouri.

Buy -

Seller(S) 1

SELLER

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 12 of 25
Sector (Consumer Products) 1 of 2
Type (Secondary Buyout) 4 of 8
Country (China) 2 of 6
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Gerber Technology

Tolland, Connecticut, United States

Gerber Technology, Inc. is a provider of sophisticated hardware and software systems to automate and more effectively manage the product design and manufacturing process. Gerber Technology, Inc. was founded in 1968 and is based in Tolland, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Polymatech Japan

Tokyo, Japan

Polymatech Japan Co. Ltd. is a manufacturer of polymer parts with a specialty in polymer material compounding. Polymatech serves customers in different industries including automotive and consumer electronics.

Sell -