M&A Deal Summary

Basic Fun Acquires K NEX

On February 13, 2018, Basic Fun acquired consumer products company K NEX from Cathay Capital Private Equity

Acquisition Highlights
  • This is Basic Fun’s 1st transaction in the Consumer Products sector.
  • This is Basic Fun’s 1st transaction in the United States.
  • This is Basic Fun’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2018-02-13
Target K NEX
Sector Consumer Products
Buyer(s) Basic Fun
Sellers(s) Cathay Capital Private Equity
Deal Type Add-on Acquisition

Target

K NEX

Hatfield, Pennsylvania, United States
K'NEX is a company in the construction products sub-segment with several hundred patents related to collections for kids, ranging from toddles through young adults. K’Nex building sets of colorful rods, connectors, and bricks can be designed into trucks, robots, roller coasters, and more. The company also offers a line of products to encourage learning, including Mighty Makers and K’Nex Education Building Sets. K'NEX was founded in 1992 and is based in Hatfield, Pennsylvania.

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Buyer(S) 1

Buyer

Basic Fun

Boca Raton, Florida, United States

Category Company
Sector Consumer Products
DESCRIPTION

Basic Fun, Inc. is a developer and marketer of fun, innovative, and educational toys for kids. Basic Fun is based in Boca Raton, Florida.


DEAL STATS #
Overall 1 of 2
Sector: Consumer Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Playhut

City of Industry, California, United States

Playhut, Inc. was founded in 1992 and is committed to producing innovative toys, allowing kids to play in an imaginative and educational way. Playhut's EZ TwistTM product line consists of indoor and outdoor play structures, baby structures, dolls, and plushes that incorporate interactive features such as games and themed environment.

Buy -

Seller(S) 1

SELLER

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 9 of 31
Sector: Consumer Products M&A 3 of 4
Type: Add-on Acquisition M&A Deals 1 of 8
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 HAT Collective

Easton, Pennsylvania, United States

HAT Collective offers a broad range of well-designed, ergonomic solutions for the contract furniture market. HAT Collective was founded in 1986 and is based in Easton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 JD Logistics

Beijing, China

JD Logistics provides the e-commerce business of JD.com to create a more efficient, more integrated and user-friendly logistics network in China. Empowered by science and technology, it provides a full range of supply chain solutions and quality logistics services covering all business areas including warehousing and distribution, from manufacturing to end customers, covering common and special goods. JD Logistics was founded in 2012 and is based in Beijing, China.

Buy -