M&A Deal Summary

Shanghai Shenda Acquires Perfect Fit Industries

On November 1, 2015, Shanghai Shenda acquired consumer products company Perfect Fit Industries from The Anderson Group

Acquisition Highlights
  • This is Shanghai Shenda’s 1st transaction in the Consumer Products sector.
  • This is Shanghai Shenda’s 1st transaction in the United States.
  • This is Shanghai Shenda’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2015-11-01
Target Perfect Fit Industries
Sector Consumer Products
Buyer(s) Shanghai Shenda
Sellers(s) The Anderson Group
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Perfect Fit Industries

Charlotte, North Carolina, United States
Perfect Fit Industries, Inc. is a niche designer, manufacturer and marketer of short run textile products.

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Buyer(S) 1

Buyer

Shanghai Shenda

Shanghai, China

Category Company
Founded 1986
Sector Apparel/Textiles
Employees6,396
Revenue 11.8B CNY (2024)
DESCRIPTION

Shanghai Shenda is an entity that operates in textile products import and export trading, textile products manufacturing, and property management. Shanghai Shenda was founded in 1986 and is based in Shanghai, China.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

DESCRIPTION

The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 8 of 12
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: North Carolina M&A 1 of 1
Country: United States M&A 8 of 12
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Parkview Health Services

Buffalo, New York, United States

Parkview Health Services is a pharmacy service provider. The company's products and services to long-term care agencies, which include assisted living facilities, developmentally disabled residences, chemical dependency rehabilitation facilities, group homes, and mental health clinics. Parkview Health Services was founded in 1985 and is based in Buffalo, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 World Precision Instruments

Sarasota, Florida, United States

World Precision Instruments is a global manufacturer and supplier of precision instruments, equipment and surgical tools used primarily in pre-clinical research and drug discovery with specific expertise in tissue and cell biology, physiology and electrophysiology research. World Precision Instruments was founded in 1967 and is based in Sarasota, Florida.

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