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M&A Deal Summary

Cathay Capital Private Equity Acquires K NEX

On May 25, 2016, private equity firm Cathay Capital Private Equity acquired consumer products company K NEX

Acquisition Highlights
  • This is Cathay Capital Private Equity’s 5th transaction in the Consumer Products sector.
  • This is Cathay Capital Private Equity’s 3rd transaction in the United States.
  • This is Cathay Capital Private Equity’s 1st transaction in Pennsylvania.
Investment Fate
  • K NEX was sold to a strategic buyer in 2018.

M&A Deal Summary
Date 2016-05-25
Target K NEX
Sector Consumer Products
Buyer(s) Cathay Capital Private Equity
Deal Type Recapitalization

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

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 42 of 101
Sector: Consumer Products M&A 5 of 10
Type: Recapitalization M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 2
Country: United States M&A 3 of 11
Year: 2016 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Artisanal Brewing Ventures

Charlotte, North Carolina, United States

Artisanal Brewing Ventures is an umbrella company of like-minded, best-in-class breweries including Southern Tier Brewing, Victory Brewing, & Sixpoint Brewing. Breweries under the ABV umbrella maintain independence with actively involved founders and a brewery focused Executive Management Team. Artisanal Brewing Ventures was founded in 2014 and is based in Charlotte, North Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 AD Education

Paris, France

AD Education is a higher education platform that offers higher education courses in fields with a high level of specialization in luxury, design, animation, video games, heritage, gemology, perfume, communication, and digital. AD Education was founded in 2009 and is based in Paris, France.

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