M&A Deal Summary

Propel Equity Acquires Janod

On May 26, 2015, private equity firm Propel Equity acquired consumer products company Janod from Cathay Capital Private Equity

Acquisition Highlights
  • This is Propel Equity’s 6th transaction in the Consumer Products sector.
  • This is Propel Equity’s 1st transaction in France.
Investment Fate
  • Janod was sold to a consortium of financial buyers in 2018.
  • Janod merged with another company in 2022.

M&A Deal Summary

Date 2015-05-26
Target Janod
Sector Consumer Products
Buyer(s) Propel Equity
Sellers(s) Cathay Capital Private Equity
Deal Type Secondary Buyout

Target

Janod

Orgelet, France
Janod is a developer and manufacturer of wooden toys. Janod offers baby and learning toys, musical toys, wooden puzzles, blackboards, role-play products, and outdoor products. Janod was founded in 1970 and is based in Orgelet, France.

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Buyer(S) 1

DESCRIPTION

Essex Bay Capital is a private equity firm that looks to invest in small to mid-sized companies to help accelerate growth. The Firm targets profitable businesses ($2 to $10 million of EBITDA) valued up to $100 million. Areas of interest include software, business services, distribution, medical products, industrial technologies, food, and consumer products. Essex Bay Capital was formed in 2021 and is headquartered in Essex, Massachusetts.


DEAL STATS #
Overall 6 of 10
Sector: Consumer Products M&A 6 of 6
Type: Secondary Buyout M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-28 Fundex Games

Indianapolis, Indiana, United States

Fundex Games Ltd. is a manufacturer and marketer of leisure time products. It offers games including multiple award-winning What's in Ned's Head, and all-time classic Gnip Gnop.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 Janod

Orgelet, France

Janod is a developer and manufacturer of wooden toys. Janod offers baby and learning toys, musical toys, wooden puzzles, blackboards, role-play products, and outdoor products. Janod was founded in 1970 and is based in Orgelet, France.

Sell -

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 6 of 31
Sector: Consumer Products M&A 2 of 4
Type: Secondary Buyout M&A Deals 4 of 15
Country: France M&A 5 of 21
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Echosens

Paris, France

Echosens is a specialized diagnostic company providing non-invasive medical devices and services to support physicians in their diagnostic and monitoring of chronic liver diseases. Echosens was founded in 2001 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-27 Cabio

Wuhan, China

Cabio is a pioneer in producing ARA (arachidonic acid), DHA (docosahexaenoic acid) and other food ingredients based on biological fermentation. Cabio Wuhan was founded in 2004 and is based in Wuhan, China.

Buy -